SunTrust Banks Comments on Chico’s FAS Inc.’s FY2017 Earnings (CHS)
Chico’s FAS Inc. (NYSE:CHS) – Investment analysts at SunTrust Banks upped their FY2017 earnings per share (EPS) estimates for shares of Chico’s FAS in a report released on Wednesday. SunTrust Banks analyst P. Quintiliano now forecasts that the firm will post earnings of $0.76 per share for the year, up from their prior forecast of $0.69. SunTrust Banks also issued estimates for Chico’s FAS’s FY2018 earnings at $0.87 EPS.
Several other research firms have also commented on CHS. RBC Capital Markets restated an “outperform” rating and set a $14.00 price target (up from $13.00) on shares of Chico’s FAS in a research report on Sunday, September 4th. Zacks Investment Research lowered Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Citigroup Inc. upgraded Chico’s FAS from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.00 to $16.00 in a research report on Monday, November 14th. Nomura cut Chico’s FAS from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, November 16th. They noted that the move was a valuation call. Finally, Mizuho increased their price objective on Chico’s FAS from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.50.
Shares of Chico’s FAS (NYSE:CHS) opened at 15.53 on Monday. Chico’s FAS has a 52-week low of $9.61 and a 52-week high of $16.07. The company’s 50 day moving average price is $12.76 and its 200 day moving average price is $11.85. The stock has a market capitalization of $2.01 billion, a PE ratio of 98.92 and a beta of 0.73.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings data 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 16.24% and a net margin of 2.24%. The company had revenue of $596.90 million for the quarter, compared to analysts’ expectations of $610.83 million. During the same period last year, the firm posted $0.13 earnings per share. Chico’s FAS’s revenue was down 6.9% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in CHS. Panagora Asset Management Inc. raised its position in Chico’s FAS by 15.0% in the first quarter. Panagora Asset Management Inc. now owns 997,124 shares of the company’s stock worth $13,232,000 after buying an additional 129,736 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Chico’s FAS by 6.0% in the first quarter. First Republic Investment Management Inc. now owns 44,785 shares of the company’s stock worth $593,000 after buying an additional 2,553 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Chico’s FAS during the first quarter worth about $322,000. BNP Paribas Arbitrage SA increased its stake in Chico’s FAS by 1,668.2% in the second quarter. BNP Paribas Arbitrage SA now owns 158,497 shares of the company’s stock worth $1,698,000 after buying an additional 149,533 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Chico’s FAS during the second quarter worth about $199,000. 91.80% of the stock is currently owned by hedge funds and other 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, December 1st. Chico’s FAS’s dividend payout ratio is currently 76.19%.
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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