Brokers Offer Predictions for Chico’s FAS Inc.’s FY2017 Earnings (CHS)
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.
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%.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/25/brokers-offer-predictions-for-chicos-fas-inc-s-fy2017-earnings-chs.html.
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.
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.