Chico's FAS Sets New 52-Week Low at $15.20 (CHS)
Chico's FAS (NYSE:CHS) hit a new 52-week low on Wednesday , ARN reports. The company traded as low as $15.20 and last traded at $15.43, with a volume of 914,312 shares trading hands. The stock had previously closed at $15.50.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Chico's FAS from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $16.10 price target on the stock. Separately, analysts at FBR Capital Markets upgraded shares of Chico's FAS from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $19.00 price target on the stock, up previously from $18.00. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Chico's FAS currently has an average rating of “Buy” and a consensus target price of $19.28.
The stock’s 50-day moving average is $16. and its 200-day moving average is $17.16. The company has a market cap of $2.300 billion and a price-to-earnings ratio of 37.80.
Chico's FAS (NYSE:CHS) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.11. The company had revenue of $610.20 million for the quarter, compared to the consensus estimate of $653.40 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Analysts expect that Chico's FAS will post $0.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, June 12th.
Chico’s FAS, Inc is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico’s, White House / Black Market (NYSE:CHS) and Soma Intimates (Soma) brand names.
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