B. Riley set a $6.00 price target on Chico’s FAS (NYSE:CHS) in a report issued on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the specialty retailer’s stock. B. Riley also issued estimates for Chico’s FAS’s Q2 2020 earnings at $0.07 EPS and FY2020 earnings at $0.09 EPS.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Chico’s FAS from a hold rating to a sell rating in a research note on Tuesday, May 7th. ValuEngine downgraded shares of Chico’s FAS from a buy rating to a hold rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $6.05.

Shares of NYSE:CHS traded down $0.10 during trading on Friday, reaching $3.77. The stock had a trading volume of 1,449,100 shares, compared to its average volume of 3,540,411. Chico’s FAS has a 52 week low of $3.30 and a 52 week high of $10.70. The firm has a market cap of $452.54 million, a price-to-earnings ratio of 12.16, a P/E/G ratio of 5.66 and a beta of 0.28. The company has a quick ratio of 0.91, a current ratio of 1.76 and a debt-to-equity ratio of 0.10.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, March 6th. The specialty retailer reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. Chico’s FAS had a net margin of 1.67% and a return on equity of 6.89%. The company had revenue of $524.70 million for the quarter, compared to analyst estimates of $514.28 million. During the same quarter last year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was down 10.7% compared to the same quarter last year. Research analysts predict that Chico’s FAS will post 0.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.35 annualized dividend and a dividend yield of 9.28%. Chico’s FAS’s payout ratio is 112.90%.

Several institutional investors have recently made changes to their positions in CHS. Norges Bank acquired a new stake in shares of Chico’s FAS in the fourth quarter worth $16,193,000. Neuberger Berman Group LLC boosted its stake in Chico’s FAS by 85.3% during the third quarter. Neuberger Berman Group LLC now owns 3,210,303 shares of the specialty retailer’s stock worth $27,831,000 after buying an additional 1,477,841 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Chico’s FAS by 106.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,708,484 shares of the specialty retailer’s stock worth $15,220,000 after buying an additional 1,394,900 shares in the last quarter. Contrarius Investment Management Ltd boosted its stake in Chico’s FAS by 98.9% during the fourth quarter. Contrarius Investment Management Ltd now owns 1,752,334 shares of the specialty retailer’s stock worth $9,848,000 after buying an additional 871,306 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Chico’s FAS by 121.0% during the fourth quarter. Bank of America Corp DE now owns 1,120,737 shares of the specialty retailer’s stock worth $6,298,000 after buying an additional 613,725 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

About Chico’s FAS

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

Recommended Story: Penny Stocks

Analyst Recommendations for Chico`s FAS (NYSE:CHS)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.