Chico's FAS (CHS) Releases Quarterly Earnings, Misses Expectations By $0.06 EPS
Chico's FAS (NYSE:CHS) issued its quarterly earnings data on Wednesday. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.06, Analyst RN reports. The company had revenue of $671.10 million for the quarter, compared to the consensus estimate of $677.91 million.
Shares of Chico's FAS (NYSE:CHS) opened at 16.02 on Wednesday. Chico's FAS has a one year low of $14.80 and a one year high of $19.84. The stock has a 50-day moving average of $15.96 and a 200-day moving average of $16.18. The company has a market cap of $2.379 billion and a P/E ratio of 46.17.
CHS has been the subject of a number of recent research reports. 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. 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. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $19.60.
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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