Chico's FAS is Navigating Enclosed Malls: Analyst Outlines Strategy For Leveraging Lifestyle Centers For Growth
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Chico's FAS, Inc. (NYSE:CHS) with a price target of $6. The company is moving away from enclosed malls and focusing on lifestyle centers and open-air malls. The analyst estimates EPS of $0.29, total sales growth of 1% Y/Y to $546 million, and gross margin expansion to 41.8%.
May 31, 2023 | 6:20 pm
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Chico's FAS receives a Market Perform rating from Telsey Advisory Group analyst Dana Telsey, with a price target of $6. The company is moving away from enclosed malls and focusing on lifestyle centers and open-air malls.
The analyst's Market Perform rating suggests a neutral outlook for Chico's FAS in the short term. The company's strategy to move away from enclosed malls and focus on lifestyle centers and open-air malls is expected to contribute to incremental growth and profitability. However, the stock is currently trading lower, which may limit the immediate impact of the rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100