Chico’s FAS, Inc. (NYSE:CHS) – KeyCorp lifted their Q1 2019 earnings per share estimates for shares of Chico’s FAS in a report issued on Wednesday. KeyCorp analyst E. Yruma now anticipates that the specialty retailer will post earnings per share of $0.31 for the quarter, up from their previous forecast of $0.26. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Chico’s FAS’s Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.86 EPS.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data 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 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%. Chico’s FAS’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS.
Other analysts also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and set a $14.00 price objective on shares of Chico’s FAS in a report on Tuesday, January 9th. SunTrust Banks set a $12.00 price objective on shares of Chico’s FAS and gave the stock a “buy” rating in a report on Monday, October 16th. FBR & Co reaffirmed a “buy” rating and set a $14.00 price objective on shares of Chico’s FAS in a report on Monday, October 2nd. Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Jefferies Group reaffirmed a “hold” rating and set a $8.00 price objective (up from $7.00) on shares of Chico’s FAS in a report on Thursday, September 28th. Two 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 company has a consensus rating of “Hold” and a consensus target price of $10.91.
Shares of Chico’s FAS (NYSE:CHS) opened at $9.87 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 1.86. The stock has a market cap of $1,261.44, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.49 and a beta of 0.73. Chico’s FAS has a 1-year low of $6.96 and a 1-year high of $15.50.
A number of institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC boosted its holdings in Chico’s FAS by 0.6% in the 3rd quarter. Sterling Capital Management LLC now owns 2,495,749 shares of the specialty retailer’s stock valued at $22,337,000 after purchasing an additional 14,790 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Chico’s FAS in the 3rd quarter valued at $250,000. California Public Employees Retirement System boosted its holdings in Chico’s FAS by 11.2% in the 3rd quarter. California Public Employees Retirement System now owns 550,128 shares of the specialty retailer’s stock valued at $4,924,000 after purchasing an additional 55,228 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Chico’s FAS by 124.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,510 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 12,462 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Chico’s FAS in the 3rd quarter valued at $296,000.
The business also recently declared a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were issued a $0.0825 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Friday, December 1st. Chico’s FAS’s dividend payout ratio (DPR) is presently 49.25%.
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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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