Telsey Advisory Group Reiterates “Market Perform” Rating for Chico’s FAS (CHS)

Telsey Advisory Group restated their market perform rating on shares of Chico’s FAS (NYSE:CHS) in a research note issued to investors on Tuesday.

Several other equities analysts have also issued reports on CHS. B. Riley reissued a buy rating on shares of Chico’s FAS in a research note on Wednesday, November 1st. ValuEngine lowered Chico’s FAS from a buy rating to a hold rating in a research note on Sunday, December 31st. Jefferies Group restated a hold rating and set a $8.00 price target (up previously from $7.00) on shares of Chico’s FAS in a report on Thursday, September 28th. FBR & Co restated a buy rating and set a $14.00 price target on shares of Chico’s FAS in a report on Monday, October 2nd. Finally, Citigroup downgraded Chico’s FAS from a buy rating to a neutral rating in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $10.91.

Chico’s FAS (NYSE CHS) traded up $0.61 on Tuesday, reaching $9.87. The company had a trading volume of 4,910,000 shares, compared to its average volume of 2,820,000. Chico’s FAS has a 1 year low of $6.96 and a 1 year high of $15.50. The company has a current ratio of 1.86, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1,260.00, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.40 and a beta of 0.73.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The firm had revenue of $532.30 million for the quarter, compared to analyst estimates of $534.77 million. During the same quarter in the prior year, the company earned $0.20 EPS. Chico’s FAS’s revenue was down 10.8% on a year-over-year basis. research analysts anticipate that Chico’s FAS will post 0.66 earnings per share for the current year.

The business 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. The ex-dividend date was Friday, December 1st. This represents a $0.33 annualized dividend and a yield of 3.34%. Chico’s FAS’s dividend payout ratio (DPR) is 49.25%.

A number of hedge funds and other institutional investors have recently modified their holdings of CHS. Russell Investments Group Ltd. increased its holdings in Chico’s FAS by 108.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 65,393 shares of the specialty retailer’s stock worth $616,000 after purchasing an additional 34,024 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Chico’s FAS by 2.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 728,654 shares of the specialty retailer’s stock valued at $6,864,000 after acquiring an additional 14,240 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Chico’s FAS by 31.1% in the 2nd quarter. First Trust Advisors LP now owns 179,019 shares of the specialty retailer’s stock valued at $1,686,000 after acquiring an additional 42,484 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Chico’s FAS by 8.2% in the 2nd quarter. Legal & General Group Plc now owns 184,707 shares of the specialty retailer’s stock valued at $1,739,000 after acquiring an additional 14,072 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Chico’s FAS by 0.5% in the 2nd quarter. Comerica Bank now owns 101,736 shares of the specialty retailer’s stock valued at $874,000 after acquiring an additional 507 shares during 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.

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

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