Janney Montgomery Scott Maintains a 'Buy' on Chico's, Inc. (CHS); Q1 Review: Starting Off Strong; Shares Attractively Valued
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Price: $7.59 --0%
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Janney Montgomery Scott maintains a 'Buy' on Chico's, Inc. (NYSE: CHS) price target of $18.00.
Analyst, Adrienne Tennant, said, "CHS reported 1Q12 EPS beat of $0.32 versus the Street at $0.30 and our estimate of $0.31. The company posted a 1Q12 comp beat of +9.6% versus Retail Metrics consensus of +6.2%, our estimate of +8.8%, and on top of a difficult comp compare of +7.7% in 1Q11...We are maintaining our FY12 (of $1.08) and FY13 (of $1.18) EPS estimates...We are not flowing through the beat as we have adjusted our model for 166 million fully-diluted shares for FY12 as well as fully incorporated the “two-step” method for accounting for share based compensation."
"CHS remains attractively valued; we continue to recommend CHS as an attractive "growth-at-a-reasonable price” story."
For an analyst ratings summary and ratings history on Chico's, Inc. click here. For more ratings news on Chico's, Inc. click here.
Shares of Chico's, Inc. closed at $14.66 yesterday.
Analyst, Adrienne Tennant, said, "CHS reported 1Q12 EPS beat of $0.32 versus the Street at $0.30 and our estimate of $0.31. The company posted a 1Q12 comp beat of +9.6% versus Retail Metrics consensus of +6.2%, our estimate of +8.8%, and on top of a difficult comp compare of +7.7% in 1Q11...We are maintaining our FY12 (of $1.08) and FY13 (of $1.18) EPS estimates...We are not flowing through the beat as we have adjusted our model for 166 million fully-diluted shares for FY12 as well as fully incorporated the “two-step” method for accounting for share based compensation."
"CHS remains attractively valued; we continue to recommend CHS as an attractive "growth-at-a-reasonable price” story."
For an analyst ratings summary and ratings history on Chico's, Inc. click here. For more ratings news on Chico's, Inc. click here.
Shares of Chico's, Inc. closed at $14.66 yesterday.
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