Chico’s FAS (NYSE:CHS) Shares Down 10.4%

Chico’s FAS, Inc. (NYSE:CHS) was down 10.4% on Friday . The company traded as low as $2.91 and last traded at $2.94, approximately 2,183,076 shares traded hands during mid-day trading. A decline of 30% from the average daily volume of 3,101,711 shares. The stock had previously closed at $3.28.

A number of equities analysts have weighed in on CHS shares. Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Wednesday, June 12th. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 target price (down from $5.00) on shares of Chico’s FAS in a research note on Wednesday, June 12th. Finally, B. Riley set a $6.00 target price on shares of Chico’s FAS and gave the stock a “buy” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.06.

The company has a debt-to-equity ratio of 1.25, a current ratio of 1.09 and a quick ratio of 0.51. The firm has a market capitalization of $386.84 million, a P/E ratio of 9.48, a P/E/G ratio of 28.16 and a beta of 0.27. The stock’s 50 day moving average is $3.21 and its two-hundred day moving average is $3.97.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $517.70 million during the quarter, compared to the consensus estimate of $517.61 million. Chico’s FAS had a net margin of 0.41% and a return on equity of 3.34%. Chico’s FAS’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. As a group, equities research analysts expect that Chico’s FAS, Inc. will post 0.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th 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 11.90%. The ex-dividend date of this dividend is Friday, September 13th. Chico’s FAS’s dividend payout ratio (DPR) is 112.90%.

In other Chico’s FAS news, Director Kimberly Roy Tofalli purchased 14,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of $3.62 per share, with a total value of $50,680.00. Following the completion of the purchase, the director now directly owns 21,238 shares in the company, valued at approximately $76,881.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have purchased 23,100 shares of company stock valued at $82,741. 1.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Chico’s FAS during the fourth quarter valued at approximately $16,193,000. Mercer Global Advisors Inc. ADV bought a new position in Chico’s FAS in the first quarter worth $172,000. BNP Paribas Arbitrage SA raised its holdings in Chico’s FAS by 86.5% in the first quarter. BNP Paribas Arbitrage SA now owns 55,902 shares of the specialty retailer’s stock worth $239,000 after purchasing an additional 25,934 shares in the last quarter. World Asset Management Inc bought a new position in Chico’s FAS in the first quarter worth $62,000. Finally, Janney Montgomery Scott LLC raised its holdings in Chico’s FAS by 86.2% in the first quarter. Janney Montgomery Scott LLC now owns 31,432 shares of the specialty retailer’s stock worth $134,000 after purchasing an additional 14,553 shares in the last quarter. Hedge funds and other institutional investors own 99.02% of the company’s stock.

About Chico’s FAS (NYSE:CHS)

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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