Chico’s FAS, Inc. (NYSE:CHS) announced a quarterly dividend on Tuesday, November 21st, RTT News reports. Stockholders of record on Monday, December 4th will be paid a dividend of 0.0825 per share by the specialty retailer on Monday, December 18th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Friday, December 1st.
Chico’s FAS has increased its dividend by an average of 10.1% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Chico’s FAS has a payout ratio of 53.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Chico’s FAS to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 47.8%.
Shares of Chico’s FAS (NYSE:CHS) opened at $8.40 on Friday. The company has a market cap of $1,073.56, a PE ratio of 12.54, a PEG ratio of 0.90 and a beta of 0.69. Chico’s FAS has a twelve month low of $6.96 and a twelve month high of $16.85. The company has a current ratio of 1.86, a quick ratio of 0.89 and a debt-to-equity ratio of 0.09.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $532.30 million during the quarter, compared to the consensus estimate of $534.77 million. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. research analysts predict that Chico’s FAS will post 0.64 EPS for the current year.
A number of equities research analysts have recently commented on CHS shares. BidaskClub downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. KeyCorp reissued a “hold” rating on shares of Chico’s FAS in a research report on Wednesday, October 11th. SunTrust Banks, Inc. set a $12.00 target price on shares of Chico’s FAS and gave the stock a “buy” rating in a research report on Monday, October 16th. Jefferies Group LLC set a $11.00 target price on shares of Chico’s FAS and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, Citigroup Inc. cut shares of Chico’s FAS from a “buy” rating to a “neutral” rating in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.91.
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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