KeyCorp Reaffirms “Hold” Rating for Chico’s FAS (CHS)

KeyCorp restated their hold rating on shares of Chico’s FAS (NYSE:CHS) in a research note published on Thursday, November 16th.

Several other equities analysts also recently commented on CHS. BidaskClub downgraded Chico’s FAS from a sell rating to a strong sell rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Chico’s FAS from a strong sell rating to a hold rating in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a buy rating and issued a $12.00 target price on shares of Chico’s FAS in a report on Thursday, August 17th. Jefferies Group set a $11.00 target price on Chico’s FAS and gave the stock a hold rating in a report on Friday, August 18th. Finally, FBR & Co restated a buy rating and set a $14.00 price objective (down from $16.00) on shares of Chico’s FAS in a research note on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $10.91.

Chico’s FAS (NYSE:CHS) traded up $0.58 during midday trading on Thursday, hitting $9.36. The stock had a trading volume of 3,449,852 shares, compared to its average volume of 2,965,003. The company has a market cap of $1,122.12, a P/E ratio of 13.10, a P/E/G ratio of 0.91 and a beta of 0.73. The company has a current ratio of 1.86, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. Chico’s FAS has a 52-week low of $6.96 and a 52-week high of $16.85.

Chico’s FAS (NYSE:CHS) last released its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $532.30 million for the quarter, compared to the consensus estimate of $534.77 million. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. research analysts expect that Chico’s FAS will post 0.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a dividend of $0.0825 per share. This represents a $0.33 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, December 1st. Chico’s FAS’s dividend payout ratio (DPR) is 49.25%.

Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in Chico’s FAS by 6.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 473 shares during the period. Parkwood LLC acquired a new stake in Chico’s FAS during the second quarter worth about $102,000. Dynamic Technology Lab Private Ltd acquired a new stake in Chico’s FAS during the third quarter worth about $108,000. Flinton Capital Management LLC grew its holdings in Chico’s FAS by 85.7% during the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock worth $130,000 after acquiring an additional 6,356 shares during the period. Finally, UBS Group AG grew its holdings in Chico’s FAS by 6.2% during the first quarter. UBS Group AG now owns 13,845 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 808 shares during the period.

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Chico’s FAS Company Profile

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

Analyst Recommendations for Chico`s FAS (NYSE:CHS)

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