Oppenheimer Maintains Outperform Following Chicos FAS (CHS) Q1 Results

Stifel Affirms Chico's (CHS) at 'Hold'; Improved Merchandise Visibility and More Earnings Stability Needed

Stifel affirms its Hold rating on Chico's FAS (NYSE: CHS) following Q1 results reported earlier Wednesday.

Analyst Richard Jaffe noted the CHS's Q1 EPS of $0.28 was above the firm's estimate calling for EPS of $0.25. The analyst noted that Q1 EPS included about $0.06 in restructuring and strategic charges. Inclusive of the charges, CHS would have missed... More

Pre-Open Stock Movers 05/27: (EOX) (OPXA) (TIF) Higher; (KORS) (WDAY) (CHS) Lower (more...)

Emerald Oil (NYSE: EOX) 64.7% HIGHER; elected not to proceed with its previously announced public offering of common stock. As a result of the Company's election not to proceed with its public offering, the Company will not be taking action to close the previously announced Delaware Basin acquisition.

Opexa Therapeutics, Inc. (NASDAQ: OPXA) 27% HIGHER; new Buy rating and $5 price target at Maxim Group.... More

Chicos FAS (CHS) Reports In-Line Q1 EPS

Chicos FAS (NYSE: CHS) reported Q1 EPS of $0.28, in-line with the analyst estimate of $0.28. Revenue for the quarter came in at $693.3 million versus the consensus estimate of $713.58 million.

Comps fell 0.1 percent.

For earnings history and earnings-related data on Chicos FAS (CHS) click here.

Trading Radar for 5/27: Costco (COST), Michael Kors (KORS), Tiffany & Co. (TIF), Toll Brothers (TOL), Palo Alto Networks (PANW) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT
MBA Mortgage Index - no Street consensus

Earnings:

BMO Financial Group (NYSE: BMO) - consensus EPS $1.65
Brown Shoe (NYSE:... More

Notable Analyst Rating Changes 5/26: (CHS) (MRVL) (LB) Upgraded; (MAC) (PLCE) (FSLR) Downgraded

UPGRADES
Mizuho Securities raises Chico's, Inc. (NYSE: CHS) from Neutral to Buy with a price target of $20.

Morgan Stanley lifts Marvell (Nasdaq: MRVL) from Equalweight to Overweight and moves its price target from $15 up to $17.50.

Goldman Sachs boosts L Brands (NYSE: LB) from Buy to Conviction Buy and moves its price target from $104 up to $106.

Axiom... More

Brean Capital Remains Bullish Ahead on Chicos FAS (CHS) 1Q Results

Brean Capital reiterate a Buy rating and $22.00 price target on Chico's, Inc. (NYSE: CHS) leading up to CHS's Q1 earnings report. Analyst Liz Pierce estimates Q1 earnings of $0.28 (vs Street's $0.27 estimate) and $628M in total sales. CHS is scheduled to report Q1 earnings tomorrow before the market opens.... More

Mizuho Securities Upgrades Chico's, Inc. (CHS) to Buy

Mizuho Securities upgraded Chico's, Inc. (NYSE: CHS) from Neutral to Buy with a price target of $20.00.

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 $16.96 yesterday.