Analyst Says Chico's (CHS) Capturing Market Share
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Price: $7.59 --0%
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Following Chico's (NYSE: CHS) Q3 earnings report, Janney Capital maintained a Buy rating on the stock with a $22 price target.
"While the macro environment remains challenging, we believe CHS continues to capture market share and drive sales with compelling flows at both core brands. We use market weakness to accumulate shares as we believe CHS remains an attractive candidate for a 'GARP' portfolio," said analyst Adrienne Tennant.
She pointed out that channel checks throughout the quarter showed clean inventories and well planned promotions, and continues to believe the company's comp guidance was conservative.
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 $18.16 yesterday.
"While the macro environment remains challenging, we believe CHS continues to capture market share and drive sales with compelling flows at both core brands. We use market weakness to accumulate shares as we believe CHS remains an attractive candidate for a 'GARP' portfolio," said analyst Adrienne Tennant.
She pointed out that channel checks throughout the quarter showed clean inventories and well planned promotions, and continues to believe the company's comp guidance was conservative.
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 $18.16 yesterday.
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