Equities research analysts forecast that Chico’s FAS, Inc. (NYSE:CHS) will report $527.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Chico’s FAS’s earnings, with estimates ranging from $524.00 million to $532.00 million. Chico’s FAS reported sales of $544.72 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.2%. The business is expected to announce its next earnings results on Wednesday, September 4th.
On average, analysts expect that Chico’s FAS will report full-year sales of $2.06 billion for the current fiscal year, with estimates ranging from $2.03 billion to $2.07 billion. For the next year, analysts anticipate that the business will report sales of $2.01 billion, with estimates ranging from $1.95 billion to $2.08 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Chico’s FAS.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $517.70 million during the quarter, compared to analyst estimates of $517.61 million. Chico’s FAS had a net margin of 1.67% and a return on equity of 6.89%. Chico’s FAS’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS.
Several research analysts have recently issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and set a $4.00 price objective (down previously from $5.00) on shares of Chico’s FAS in a report on Wednesday. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. ValuEngine downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, B. Riley set a $6.00 price target on shares of Chico’s FAS and gave the company a “buy” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.06.
Several institutional investors and hedge funds have recently bought and sold shares of CHS. BlackRock Inc. increased its stake in Chico’s FAS by 3.4% in the fourth quarter. BlackRock Inc. now owns 18,563,076 shares of the specialty retailer’s stock valued at $104,326,000 after purchasing an additional 602,025 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Chico’s FAS by 3.2% during the first quarter. Neuberger Berman Group LLC now owns 4,071,328 shares of the specialty retailer’s stock worth $17,383,000 after acquiring an additional 125,005 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Chico’s FAS by 12.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,081,867 shares of the specialty retailer’s stock worth $17,321,000 after acquiring an additional 334,251 shares in the last quarter. Norges Bank bought a new stake in shares of Chico’s FAS during the fourth quarter worth $16,193,000. Finally, Canada Pension Plan Investment Board increased its position in shares of Chico’s FAS by 106.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,708,484 shares of the specialty retailer’s stock worth $15,220,000 after acquiring an additional 1,394,900 shares in the last quarter. 93.77% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:CHS traded down $0.15 on Friday, hitting $3.54. 795,605 shares of the company were exchanged, compared to its average volume of 3,482,673. Chico’s FAS has a one year low of $3.24 and a one year high of $10.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.91 and a current ratio of 1.76. The company has a market cap of $458.44 million, a price-to-earnings ratio of 11.40, a PEG ratio of 5.59 and a beta of 0.28.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date of this dividend is Friday, June 14th. Chico’s FAS’s dividend payout ratio (DPR) is 112.90%.
About Chico’s FAS
Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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