FY2017 EPS Estimates for Chico’s FAS Inc. (CHS) Raised by Analyst
Chico’s FAS Inc. (NYSE:CHS) – Equities researchers at Oppenheimer Holdings raised their FY2017 earnings per share estimates for Chico’s FAS in a note issued to investors on Tuesday. Oppenheimer Holdings analyst A. Andreeva now expects that the brokerage will earn $0.76 per share for the year, up from their previous forecast of $0.70. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Chico’s FAS’s Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.07 EPS and FY2018 earnings at $0.80 EPS.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.20 earnings per share 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 had revenue of $596.90 million for the quarter, compared to analyst estimates of $610.83 million. During the same period last year, the firm posted $0.13 EPS. Chico’s FAS’s quarterly revenue was down 6.9% on a year-over-year basis.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday. Jefferies Group reiterated a “hold” rating on shares of Chico’s FAS in a research note on Monday, August 1st. Telsey Advisory Group increased their target price on Chico’s FAS from $13.00 to $17.00 and gave the company a “market perform” rating in a research note on Wednesday. MKM Partners increased their target price on Chico’s FAS from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, FBR & Co reiterated an “outperform” rating and set a $17.00 target price on shares of Chico’s FAS in a research note on Saturday, September 3rd. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Chico’s FAS presently has a consensus rating of “Buy” and an average target price of $14.37.
Shares of Chico’s FAS (NYSE:CHS) opened at 15.58 on Thursday. Chico’s FAS has a 12 month low of $9.61 and a 12 month high of $16.07. The stock has a market capitalization 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.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Investors 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 2.05%. Chico’s FAS’s dividend payout ratio is currently 76.19%.
Institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new position in Chico’s FAS during the second quarter worth $100,000. LS Investment Advisors LLC raised 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 raised 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 bought a new position in Chico’s FAS during the second quarter worth $117,000. Finally, Royal Bank of Canada raised 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 and hedge funds own 90.90% of the company’s stock.
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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