Chico's FAS Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:CHS)
Shares of Chico's FAS (NYSE:CHS) have earned a consensus rating of “Hold” from the sixteen ratings firms that are covering the company, Analyst Ratings Network.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $19.25.
A number of analysts have recently weighed in on CHS shares. Analysts at Zacks downgraded shares of Chico's FAS from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 17th. They now have a $16.00 price target on the stock. Separately, analysts at Maxim Group cut their price target on shares of Chico's FAS from $21.00 to $19.00 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet downgraded shares of Chico's FAS from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd.
Shares of Chico's FAS (NYSE:CHS) traded down 1.00% during mid-day trading on Tuesday, hitting $16.80. 242,886 shares of the company’s stock traded hands. Chico's FAS has a 52 week low of $14.90 and a 52 week high of $19.84. The stock’s 50-day moving average is $16.14 and its 200-day moving average is $16.62. The company has a market cap of $2.494 billion and a price-to-earnings ratio of 48.90.
Chico's FAS (NYSE:CHS) last released its earnings data on Wednesday, May 28th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.02. The company had revenue of $681.60 million for the quarter, compared to the consensus estimate of $681.42 million. During the same quarter last year, the company posted $0.32 earnings per share. Chico's FAS’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that Chico's FAS will post $0.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 29th. Investors of record on Monday, September 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, September 11th.
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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