Chico’s FAS Inc. (NYSE:CHS) – Stock analysts at FBR & Co lifted their FY2017 earnings estimates for shares of Chico’s FAS in a research note issued to investors on Wednesday. FBR & Co analyst S. Anderson now anticipates that the brokerage will post earnings of $0.77 per share for the year, up from their previous estimate of $0.68. FBR & Co has a “Buy” rating and a $17.00 price objective on the stock. FBR & Co also issued estimates for Chico’s FAS’s Q4 2017 earnings at $0.07 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.10 EPS.

Several other research analysts have also weighed in on the company. Zacks Investment Research raised Chico’s FAS from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday. MKM Partners lifted their price objective on Chico’s FAS from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday. Deutsche Bank AG lifted their price objective on Chico’s FAS from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday. Telsey Advisory Group lifted their price objective on Chico’s FAS from $13.00 to $17.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Chico’s FAS in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Chico’s FAS presently has an average rating of “Buy” and an average target price of $14.37.

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

Chico’s FAS (NYSE:CHS) opened at 15.58 on Thursday. The company’s 50-day moving average price is $12.66 and its 200 day moving average price is $11.82. The firm has a market capitalization of $2.01 billion, a PE ratio of 99.24 and a beta of 0.73. 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 results on Tuesday, November 22nd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.13 by $0.07. Chico’s FAS had a return on equity of 16.23% and a net margin of 2.24%. The firm earned $596.90 million during the quarter, compared to analysts’ expectations of $610.83 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was down 6.9% compared to the same quarter last year.

Several large investors have recently bought and sold shares of CHS. JPMorgan Chase & Co. boosted its stake in 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. bought a new stake in Chico’s FAS during the second quarter worth approximately $16,978,000. Peregrine Capital Management LLC bought a new stake in Chico’s FAS during the third quarter worth approximately $14,307,000. Dimensional Fund Advisors LP boosted its stake in 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 boosted its stake in 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 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. The ex-dividend date is Thursday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.05%. 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.

5 Day Chart for NYSE:CHS

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