Chico’s FAS, Inc. (NYSE:CHS) – Research analysts at Jefferies Group decreased their FY2018 EPS estimates for shares of Chico’s FAS in a research note issued on Wednesday. Jefferies Group analyst R. Konik now expects that the specialty retailer will post earnings per share of $0.60 for the year, down from their previous forecast of $0.61. Jefferies Group currently has a “Hold” rating and a $8.00 target price on the stock.

Other research analysts have also issued research reports about the stock. FBR & Co reaffirmed a “buy” rating and issued a $14.00 price target on shares of Chico’s FAS in a research note on Monday, October 2nd. B. Riley reaffirmed a “buy” rating and issued a $14.00 price target on shares of Chico’s FAS in a research note on Tuesday, January 9th. SunTrust Banks set a $12.00 price target on shares of Chico’s FAS and gave the company a “buy” rating in a research note on Monday, October 16th. KeyCorp reaffirmed a “hold” rating on shares of Chico’s FAS in a research note on Thursday, November 16th. Finally, Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.91.

Chico’s FAS (NYSE:CHS) opened at $9.87 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.86 and a debt-to-equity ratio of 0.09. Chico’s FAS has a one year low of $6.96 and a one year high of $15.50. The firm has a market cap of $1,261.44, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The firm had revenue of $532.30 million for the quarter, compared to analyst estimates of $534.77 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The business’s revenue was down 10.8% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Monday, December 4th were given a $0.0825 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Friday, December 1st. Chico’s FAS’s dividend payout ratio is presently 49.25%.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Chico’s FAS by 21.4% in the second quarter. Vanguard Group Inc. now owns 15,134,008 shares of the specialty retailer’s stock worth $142,563,000 after purchasing an additional 2,671,543 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Chico’s FAS by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 8,203,559 shares of the specialty retailer’s stock worth $72,437,000 after purchasing an additional 35,305 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Chico’s FAS by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,333,568 shares of the specialty retailer’s stock worth $69,082,000 after purchasing an additional 542,757 shares in the last quarter. State Street Corp lifted its position in shares of Chico’s FAS by 5.3% in the second quarter. State Street Corp now owns 5,139,633 shares of the specialty retailer’s stock worth $48,417,000 after purchasing an additional 256,414 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Chico’s FAS by 0.6% in the third quarter. Sterling Capital Management LLC now owns 2,495,749 shares of the specialty retailer’s stock worth $22,337,000 after purchasing an additional 14,790 shares in the last quarter.

TRADEMARK VIOLATION WARNING: “FY2018 EPS Estimates for Chico’s FAS, Inc. (CHS) Lowered by Jefferies Group” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/01/14/fy2018-eps-estimates-for-chicos-fas-inc-chs-lowered-by-jefferies-group.html.

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.

Earnings History and Estimates for Chico`s FAS (NYSE:CHS)

Receive News & Stock Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related stocks with our FREE daily email newsletter.