Chico’s FAS (NYSE:CHS) Updates FY 2022 Earnings Guidance

Chico’s FAS (NYSE:CHSGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.64-$0.74 for the period, compared to the consensus earnings per share estimate of $0.46. The company issued revenue guidance of $2.13 billion-$2.16 billion, compared to the consensus revenue estimate of $2.09 billion. Chico’s FAS also updated its Q2 2022 guidance to $0.21-$0.26 EPS.

CHS stock opened at $4.96 on Tuesday. The stock has a market capitalization of $620.69 million, a PE ratio of 6.79 and a beta of 1.26. Chico’s FAS has a 12-month low of $3.80 and a 12-month high of $7.19. The company has a current ratio of 1.10, a quick ratio of 0.38 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $5.07 and its 200 day simple moving average is $4.88.

Chico’s FAS (NYSE:CHSGet Rating) last announced its earnings results on Tuesday, June 7th. The specialty retailer reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.18. Chico’s FAS had a net margin of 4.59% and a return on equity of 43.27%. During the same quarter last year, the firm posted ($0.08) earnings per share. On average, research analysts predict that Chico’s FAS will post 0.72 earnings per share for the current year.

Separately, StockNews.com lowered shares of Chico’s FAS from a strong-buy rating to a buy rating in a research note on Tuesday, June 21st.

In other news, insider Bonnie R. Brooks sold 100,000 shares of the company’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $5.12, for a total value of $512,000.00. Following the completion of the sale, the insider now directly owns 1,285,277 shares in the company, valued at approximately $6,580,618.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd increased its stake in shares of Chico’s FAS by 333.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 8,309 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 6,390 shares in the last quarter. Sei Investments Co. increased its stake in shares of Chico’s FAS by 20.6% in the 1st quarter. Sei Investments Co. now owns 14,093 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 2,404 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of Chico’s FAS in the 1st quarter worth $48,000. PDT Partners LLC purchased a new stake in Chico’s FAS in the 1st quarter worth $61,000. Finally, Hsbc Holdings PLC increased its stake in Chico’s FAS by 78.9% in the 1st quarter. Hsbc Holdings PLC now owns 31,152 shares of the specialty retailer’s stock worth $148,000 after buying an additional 13,736 shares in the last quarter. Hedge funds and other institutional investors own 80.88% of the company’s stock.

Chico’s FAS Company Profile (Get Rating)

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 brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.

See Also

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

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