Chico’s FAS, Inc. (NYSE:CHS) – Research analysts at SunTrust Banks boosted their Q4 2018 EPS estimates for Chico’s FAS in a note issued to investors on Tuesday. SunTrust Banks analyst P. Quintiliano now forecasts that the specialty retailer will post earnings per share of $0.09 for the quarter, up from their previous forecast of $0.03. SunTrust Banks currently has a “Buy” rating and a $10.00 price target on the stock. SunTrust Banks also issued estimates for Chico’s FAS’s FY2019 earnings at $0.73 EPS.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $532.30 million for the quarter, compared to the consensus estimate of $534.77 million. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The business’s revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS.
A number of other equities research analysts also recently issued reports on CHS. B. Riley reissued a “buy” rating on shares of Chico’s FAS in a research note on Wednesday, November 1st. Telsey Advisory Group reissued a “market perform” rating on shares of Chico’s FAS in a research note on Tuesday. ValuEngine downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group reaffirmed a “hold” rating and set a $8.00 target price (up from $7.00) on shares of Chico’s FAS in a research note on Thursday, September 28th. Finally, FBR & Co reaffirmed a “buy” rating and set a $14.00 target price on shares of Chico’s FAS in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.91.
Chico’s FAS (NYSE:CHS) traded up $0.61 during trading on Friday, hitting $9.87. 4,910,000 shares of the stock were exchanged, compared to its average volume of 2,820,000. The stock has a market cap of $1,260.00, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.40 and a beta of 0.73. Chico’s FAS has a twelve month low of $6.96 and a twelve month high of $15.50. The company has a quick ratio of 0.88, a current ratio of 1.86 and a debt-to-equity ratio of 0.09.
The company also recently declared a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were issued a dividend of $0.0825 per share. This represents a $0.33 annualized dividend and a yield of 3.34%. The ex-dividend date was Friday, December 1st. Chico’s FAS’s dividend payout ratio (DPR) is presently 49.25%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Chico’s FAS by 21.4% during the 2nd quarter. Vanguard Group Inc. now owns 15,134,008 shares of the specialty retailer’s stock worth $142,563,000 after acquiring an additional 2,671,543 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Chico’s FAS by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,203,559 shares of the specialty retailer’s stock worth $72,437,000 after acquiring an additional 35,305 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Chico’s FAS by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,333,568 shares of the specialty retailer’s stock worth $69,082,000 after acquiring an additional 542,757 shares in the last quarter. State Street Corp grew its holdings in Chico’s FAS by 5.3% during the 2nd quarter. State Street Corp now owns 5,139,633 shares of the specialty retailer’s stock worth $48,417,000 after acquiring an additional 256,414 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Chico’s FAS by 0.6% during the 3rd quarter. Sterling Capital Management LLC now owns 2,495,749 shares of the specialty retailer’s stock worth $22,337,000 after acquiring an additional 14,790 shares in the last quarter.
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About Chico’s FAS
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.
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