Nomura Securities Maintains a 'Neutral' on Chico's, Inc. (CHS); 1Q review. Lean Inventories and Strong Top-line
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Price: $7.59 --0%
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 3
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 3
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Nomura Securities maintains a 'Neutral' on Chico's, Inc. (NYSE: CHS) price target raised from $14 to $16.
Analyst, Paul Lejuez, said, "CHS’ strong 4Q trends continued through 1Q with 1Q EPS of $0.32 vs our est of $0.32 and cons of $0.30. While there has been some sales deceleration in May (QTD comps +6.1% vs. +9.6% in 1Q), we believe trends remain solid and the company’s assortments are resonating with customers. By ending the qtr with lean inventories, we believe this sets the stage for improved margin performance in 2Q. We are increasing our F12E EPS from $1.05 to $1.08 and our F13E EPS from $1.21 to $1.27. Our new TP of $16 is ~6x our F12E EBITDA or ~15x our F12E EPS and 13x our F13E EPS."
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 $15.21 yesterday.
Analyst, Paul Lejuez, said, "CHS’ strong 4Q trends continued through 1Q with 1Q EPS of $0.32 vs our est of $0.32 and cons of $0.30. While there has been some sales deceleration in May (QTD comps +6.1% vs. +9.6% in 1Q), we believe trends remain solid and the company’s assortments are resonating with customers. By ending the qtr with lean inventories, we believe this sets the stage for improved margin performance in 2Q. We are increasing our F12E EPS from $1.05 to $1.08 and our F13E EPS from $1.21 to $1.27. Our new TP of $16 is ~6x our F12E EBITDA or ~15x our F12E EPS and 13x our F13E EPS."
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 $15.21 yesterday.
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