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.

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

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.

WARNING: “Chico’s FAS Inc. (CHS) Releases Earnings Results, Beats Estimates By $0.07 EPS” was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/23/chicos-fas-inc-chs-releases-earnings-results-beats-estimates-by-0-07-eps.html.

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.

5 Day Chart for NYSE:CHS

Receive News & Stock Ratings for Chico's FAS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS Inc. and related stocks with our FREE daily email newsletter.