KeyCorp Equities Analysts Lift Earnings Estimates for Chico’s FAS Inc. (CHS)
Chico’s FAS Inc. (NYSE:CHS) – Research analysts at KeyCorp lifted their FY2017 earnings per share (EPS) estimates for shares of Chico’s FAS in a research report issued to clients and investors on Tuesday. KeyCorp analyst E. Yruma now anticipates that the brokerage will post earnings per share of $0.76 for the year, up from their prior estimate of $0.70. KeyCorp also issued estimates for Chico’s FAS’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.08 EPS and FY2018 earnings at $0.86 EPS.
A number of other research analysts have also recently issued reports on the stock. MKM Partners raised their price target on shares of Chico’s FAS from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday. Deutsche Bank AG raised their target price on shares of Chico’s FAS from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday. Telsey Advisory Group raised their target price 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. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Chico’s FAS in a report on Tuesday. Finally, Nomura cut shares of Chico’s FAS from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a report on Wednesday, November 16th. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.21.
Shares of Chico’s FAS (NYSE:CHS) traded down 1.70% during midday trading on Thursday, hitting $15.58. 3,328,135 shares of the stock were exchanged. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 99.24 and a beta of 0.73. The firm’s 50-day moving average is $12.66 and its 200-day moving average is $11.82. Chico’s FAS has a 12 month low of $9.61 and a 12 month high of $16.07.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Chico’s FAS had a net margin of 2.24% and a return on equity of 16.23%. The firm earned $596.90 million during the quarter, compared to the consensus estimate of $610.83 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Chico’s FAS by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 6,731,576 shares of the company’s stock worth $80,106,000 after buying an additional 1,837,430 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of Chico’s FAS during the second quarter worth approximately $16,978,000. Peregrine Capital Management LLC purchased a new position in shares of Chico’s FAS during the third quarter worth approximately $14,307,000. Dimensional Fund Advisors LP increased its position in shares of Chico’s FAS by 25.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,038,059 shares of the company’s stock worth $53,957,000 after buying an additional 1,029,247 shares during the period. Finally, Gotham Asset Management LLC increased its position in shares of Chico’s FAS by 3,975.6% in the third quarter. Gotham Asset Management LLC now owns 543,364 shares of the company’s stock worth $6,466,000 after buying an additional 530,032 shares during the period. 90.90% of the stock is currently owned by institutional investors.
The company also recently announced 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. This represents a $0.32 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, December 1st. Chico’s FAS’s dividend payout ratio (DPR) is presently 76.19%.
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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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