Telsey Advisory Group restated their market perform rating on shares of Chico’s FAS (NYSE:CHS) in a research note published on Wednesday, Briefing.com Automated Import reports. They currently have a $4.00 target price on the specialty retailer’s stock, down from their previous target price of $5.00.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Chico’s FAS from a hold rating to a sell rating in a research report on Monday, March 18th. ValuEngine raised shares of Chico’s FAS from a hold rating to a buy rating in a research report on Friday, March 15th. Finally, B. Riley set a $6.00 price objective on shares of Chico’s FAS and gave the stock a buy rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Chico’s FAS currently has a consensus rating of Hold and an average target price of $5.06.

CHS stock opened at $3.55 on Wednesday. The stock has a market cap of $434.85 million, a P/E ratio of 11.45, a P/E/G ratio of 6.07 and a beta of 0.28. Chico’s FAS has a 52 week low of $3.24 and a 52 week high of $10.44. The company has a current ratio of 1.09, a quick ratio of 0.91 and a debt-to-equity ratio of 1.25.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Tuesday, June 11th. The specialty retailer reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Chico’s FAS had a net margin of 0.41% and a return on equity of 3.34%. The firm had revenue of $517.70 million for the quarter, compared to the consensus estimate of $517.61 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The firm’s revenue was down 7.8% on a year-over-year basis. On average, equities analysts predict that Chico’s FAS will post 0.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 9.86%. The ex-dividend date of this dividend is Friday, June 14th. Chico’s FAS’s dividend payout ratio is currently 112.90%.

A number of institutional investors and hedge funds have recently modified their holdings of CHS. Texas Permanent School Fund raised its position in shares of Chico’s FAS by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 82,280 shares of the specialty retailer’s stock valued at $462,000 after purchasing an additional 3,190 shares during the period. Comerica Bank boosted its stake in shares of Chico’s FAS by 3.1% in the 1st quarter. Comerica Bank now owns 128,881 shares of the specialty retailer’s stock valued at $516,000 after purchasing an additional 3,889 shares in the last quarter. Swiss National Bank boosted its stake in shares of Chico’s FAS by 1.7% in the 1st quarter. Swiss National Bank now owns 229,100 shares of the specialty retailer’s stock valued at $978,000 after purchasing an additional 3,900 shares in the last quarter. CWM Advisors LLC boosted its stake in shares of Chico’s FAS by 31.5% in the 4th quarter. CWM Advisors LLC now owns 16,661 shares of the specialty retailer’s stock valued at $94,000 after purchasing an additional 3,987 shares in the last quarter. Finally, BB&T Securities LLC raised its holdings in shares of Chico’s FAS by 36.8% in the fourth quarter. BB&T Securities LLC now owns 17,100 shares of the specialty retailer’s stock valued at $96,000 after buying an additional 4,600 shares during the last quarter. 93.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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