Wedbush Research Analysts Increase Earnings Estimates for Chico’s FAS Inc. (CHS)
Chico’s FAS Inc. (NYSE:CHS) – Stock analysts at Wedbush increased their Q3 2018 earnings estimates for shares of Chico’s FAS in a research note issued on Tuesday. Wedbush analyst M. Brown now expects that the firm will post earnings of $0.25 per share for the quarter, up from their prior forecast of $0.18. Wedbush also issued estimates for Chico’s FAS’s FY2018 earnings at $0.93 EPS and FY2019 earnings at $1.01 EPS.
CHS has been the subject of several other research reports. Deutsche Bank AG reissued a “hold” rating on shares of Chico’s FAS in a research note on Thursday, August 25th. Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Monday, August 22nd. Jefferies Group reissued a “hold” rating and issued a $11.00 target price on shares of Chico’s FAS in a research note on Thursday, September 29th. Stifel Nicolaus reissued a “hold” rating on shares of Chico’s FAS in a research note on Tuesday, August 30th. Finally, Mizuho boosted their target price on shares of Chico’s FAS from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $14.37.
Chico’s FAS (NYSE:CHS) traded up 0.417% on Thursday, hitting $15.645. 475,244 shares of the stock traded hands. Chico’s FAS has a 12-month low of $9.61 and a 12-month high of $16.07. The firm’s 50-day moving average price is $12.66 and its 200-day moving average price is $11.82. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 99.650 and a beta of 0.73.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business earned $596.90 million during the quarter, compared to analyst estimates of $610.83 million. During the same quarter last year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, December 5th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, December 1st. Chico’s FAS’s dividend payout ratio is presently 76.19%.
Institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG boosted its position in Chico’s FAS by 30.9% in the third quarter. Credit Suisse AG now owns 416,161 shares of the company’s stock worth $4,952,000 after buying an additional 98,280 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Chico’s FAS by 69.1% in the third quarter. Ameritas Investment Partners Inc. now owns 51,732 shares of the company’s stock worth $616,000 after buying an additional 21,141 shares in the last quarter. Verition Fund Management LLC bought a new position in Chico’s FAS during the third quarter worth $226,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Chico’s FAS during the third quarter worth $243,000. Finally, Boston Private Wealth LLC boosted its position in Chico’s FAS by 20.3% in the third quarter. Boston Private Wealth LLC now owns 20,854 shares of the company’s stock worth $248,000 after buying an additional 3,515 shares in the last quarter. Hedge funds and other institutional investors own 90.90% of the company’s stock.
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Chico’s FAS Company Profile
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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