Chico’s FAS Inc. (NYSE:CHS)’s share price was up 1.4% during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $16.07 and last traded at $15.63, with a volume of 1,953,984 shares trading hands. The stock had previously closed at $15.85.

The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.07. The firm earned $596.90 million during the quarter, compared to analyst estimates of $610.83 million. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 1st. Chico’s FAS’s payout ratio is presently 213.33%.

Several brokerages recently commented on CHS. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Chico’s FAS in a report on Tuesday. RBC Capital Markets reissued an “outperform” rating and issued a $14.00 price target (up previously from $13.00) on shares of Chico’s FAS in a report on Sunday, September 4th. Telsey Advisory Group boosted their price target on shares of Chico’s FAS from $13.00 to $17.00 and gave the stock a “market perform” rating in a report on Wednesday. Zacks Investment Research lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Finally, Jefferies Group reissued a “hold” rating on shares of Chico’s FAS in a report on Monday, August 1st. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.05.

A number of hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Chico’s FAS during the second quarter worth about $100,000. LS Investment Advisors LLC raised its stake in shares of 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 raised its stake in shares of 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 acquired a new stake in shares of Chico’s FAS during the second quarter worth about $117,000. Finally, Royal Bank of Canada raised its stake in shares of 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.

The firm has a market cap of $2.02 billion, a P/E ratio of 99.55 and a beta of 0.73. The stock has a 50 day moving average price of $12.55 and a 200 day moving average price of $11.80.

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About Chico’s FAS

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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