Chico’s FAS, Inc. (CHS) Expected to Earn Q4 2018 Earnings of $0.08 Per Share
Chico’s FAS, Inc. (NYSE:CHS) – Equities researchers at B. Riley lifted their Q4 2018 earnings estimates for Chico’s FAS in a report released on Wednesday. B. Riley analyst S. Anderson now expects that the specialty retailer will post earnings per share of $0.08 for the quarter, up from their previous forecast of $0.06. B. Riley has a “Buy” rating and a $14.00 price objective on the stock.
Several other research firms have also recently issued reports on CHS. BidaskClub raised Chico’s FAS from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. FBR & Co reissued a “buy” rating and issued a $14.00 target price on shares of Chico’s FAS in a research note on Monday, October 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $8.00 target price (up from $7.00) on shares of Chico’s FAS in a research note on Thursday, September 28th. Bank of America Corporation cut Chico’s FAS from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $8.50 to $7.00 in a research note on Wednesday, October 11th. Finally, ValuEngine cut Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Chico’s FAS has a consensus rating of “Hold” and an average target price of $11.25.
Chico’s FAS (NYSE:CHS) traded up $0.47 during midday trading on Thursday, hitting $8.36. The company had a trading volume of 3,418,000 shares, compared to its average volume of 2,958,112. The company has a quick ratio of 0.89, a current ratio of 1.86 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1,012.40, a PE ratio of 11.78, a PEG ratio of 1.12 and a beta of 0.69. Chico’s FAS has a 12 month low of $6.96 and a 12 month high of $16.85.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $532.30 million for the quarter, compared to analysts’ expectations of $534.77 million. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. Chico’s FAS’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be given a dividend of $0.0825 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.33 annualized dividend and a yield of 3.95%. Chico’s FAS’s payout ratio is 49.25%.
Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in Chico’s FAS by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 473 shares in the last quarter. Parkwood LLC bought a new stake in Chico’s FAS during the 2nd quarter valued at approximately $102,000. Dynamic Technology Lab Private Ltd bought a new stake in Chico’s FAS during the 3rd quarter valued at approximately $108,000. Flinton Capital Management LLC boosted its position in Chico’s FAS by 85.7% during the 2nd quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 6,356 shares in the last quarter. Finally, UBS Group AG boosted its position in Chico’s FAS by 6.2% during the 1st quarter. UBS Group AG now owns 13,845 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 808 shares in the last quarter.
Chico’s FAS Company Profile
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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