Somewhat Positive Press Coverage Very Likely to Affect Chico’s FAS (NYSE:CHS) Share Price
News coverage about Chico’s FAS (NYSE:CHS) has been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chico’s FAS earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 86 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Comparing New York & Company (NWY) and Chico’s FAS (NYSE:CHS) (americanbankingnews.com)
- Changes in Signals Identified: Fred’s, Inc. (FRED), Chico’s FAS, Inc. (CHS) – AllStockNews (allstocknews.com)
- Chico’s FAS, Inc. (NYSE:CHS) Rating Increased to Sell at BidaskClub (healthcaremenu.net)
- Chico’S Fas Inc Down 33.3% Since SmarTrend Downtrend Call (CHS) (mysmartrend.com)
- A Look At Traditional Retailer Promotions Amid Amazon Prime Day (finance.yahoo.com)
Shares of Chico’s FAS (NYSE:CHS) opened at 8.68 on Friday. The company has a market cap of $1.09 billion, a PE ratio of 12.11 and a beta of 0.67. The company has a 50-day moving average of $9.97 and a 200-day moving average of $13.01. Chico’s FAS has a 1-year low of $8.44 and a 1-year high of $16.85.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.03. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The business had revenue of $583.70 million for the quarter, compared to the consensus estimate of $624.75 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. Equities analysts forecast that Chico’s FAS will post $0.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be issued a $0.0825 dividend. This represents a $0.33 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Friday, September 8th. Chico’s FAS’s dividend payout ratio is 46.48%.
Several research firms have weighed in on CHS. Bank of America Corporation lowered their price objective on shares of Chico’s FAS from $16.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Zacks Investment Research cut shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. BidaskClub upgraded shares of Chico’s FAS from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. ValuEngine cut shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $16.00 price target on shares of Chico’s FAS in a report on Monday, April 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.43.
In related news, Director Ross E. Roeder sold 5,000 shares of Chico’s FAS stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $9.50, for a total value of $47,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ross E. Roeder sold 10,000 shares of Chico’s FAS stock in a transaction on Monday, June 12th. The shares were sold at an average price of $9.75, for a total transaction of $97,500.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.
About Chico’s FAS
Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.
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