Chico’s FAS Inc. (CHS) Releases Earnings Results, Beats Estimates By $0.07 EPS
Chico’s FAS Inc. (NYSE:CHS) announced its earnings results on Tuesday. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.07. The firm earned $596.90 million during the quarter, compared to analysts’ expectations of $610.83 million. Chico’s FAS had a return on equity of 14.41% and a net margin of 0.84%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS.
Shares of Chico’s FAS (NYSE:CHS) opened at 15.85 on Wednesday. The stock has a market cap of $2.05 billion, a P/E ratio of 100.96 and a beta of 0.73. The firm’s 50-day moving average price is $12.55 and its 200 day moving average price is $11.80. Chico’s FAS has a 1-year low of $9.61 and a 1-year high of $16.07.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, December 5th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.32 annualized dividend and a yield of 2.02%. Chico’s FAS’s payout ratio is presently 213.33%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new position in Chico’s FAS during the second quarter worth approximately $100,000. LS Investment Advisors LLC boosted its position in Chico’s FAS by 5.5% in the third quarter. LS Investment Advisors LLC now owns 8,756 shares of the company’s stock worth $104,000 after buying an additional 455 shares during the period. Oakbrook Investments LLC boosted its position in Chico’s FAS by 0.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the period. Marshall Wace LLP purchased a new position in Chico’s FAS during the second quarter worth approximately $117,000. Finally, Royal Bank of Canada boosted its position in Chico’s FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock worth $121,000 after buying an additional 10,842 shares during the period. Institutional investors own 90.90% of the company’s stock.
CHS has been the subject of a number of research analyst reports. Mizuho raised their price target on Chico’s FAS from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 31st. FBR & Co set a $17.00 price target on Chico’s FAS and gave the stock a “buy” rating in a research note on Thursday, September 29th. Zacks Investment Research raised Chico’s FAS from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Monday, October 24th. Citigroup Inc. raised Chico’s FAS from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.00 to $16.00 in a research note on Monday, November 14th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Chico’s FAS in a research note on Tuesday, August 30th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Chico’s FAS presently has a consensus rating of “Hold” and an average price target of $13.79.
Chico’s FAS Company Profile
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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