Equities Analysts Issue Forecasts for Chico’s FAS, Inc.’s Q1 2019 Earnings (CHS)

Chico’s FAS, Inc. (NYSE:CHS) – Equities researchers at KeyCorp lifted their Q1 2019 earnings estimates for Chico’s FAS in a research note issued to investors on Wednesday. KeyCorp analyst E. Yruma now expects that the specialty retailer will post earnings of $0.31 per share for the quarter, up from their prior estimate of $0.26. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Chico’s FAS’s Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.86 EPS.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share for the quarter, hitting the 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 the consensus estimate of $534.77 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was down 10.8% on a year-over-year basis.

Other equities research analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating and issued a $14.00 price target on shares of Chico’s FAS in a report on Tuesday, January 9th. SunTrust Banks set a $12.00 price target on Chico’s FAS and gave the stock a “buy” rating in a report on Monday, October 16th. FBR & Co reiterated a “buy” rating and issued a $14.00 price target on shares of Chico’s FAS in a report on Monday, October 2nd. Zacks Investment Research upgraded Chico’s FAS from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Jefferies Group reiterated a “hold” rating and issued a $8.00 price target (up from $7.00) on shares of Chico’s FAS in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.91.

Shares of Chico’s FAS (CHS) opened at $9.87 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.86 and a debt-to-equity ratio of 0.09. Chico’s FAS has a fifty-two week low of $6.96 and a fifty-two week high of $15.50. The firm has a market capitalization of $1,261.44, a P/E ratio of 14.73, a PEG ratio of 1.49 and a beta of 0.73.

The company also recently disclosed 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 of this dividend was Friday, December 1st. This represents a $0.33 annualized dividend and a yield of 3.34%. Chico’s FAS’s payout ratio is currently 49.25%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in Chico’s FAS by 32.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,062,265 shares of the specialty retailer’s stock worth $19,427,000 after purchasing an additional 506,483 shares during the period. State Street Corp increased 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 purchasing an additional 256,414 shares during the period. Comerica Bank increased its holdings in Chico’s FAS by 35.4% during the 3rd quarter. Comerica Bank now owns 137,763 shares of the specialty retailer’s stock worth $1,087,000 after purchasing an additional 36,027 shares during the period. Wells Fargo & Company MN increased its holdings in Chico’s FAS by 1.3% during the 3rd quarter. Wells Fargo & Company MN now owns 2,016,352 shares of the specialty retailer’s stock worth $18,046,000 after purchasing an additional 25,054 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Chico’s FAS by 39.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 812,428 shares of the specialty retailer’s stock worth $7,272,000 after purchasing an additional 230,276 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.

Earnings History and Estimates for Chico`s FAS (NYSE:CHS)

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