Chico's FAS, Inc. (CHS) Issues Quarterly Earnings Results
Chico's FAS, Inc. (NYSE:CHS) posted its earnings results on Wednesday. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $583.70 million during the quarter, compared to the consensus estimate of $624.75 million. Chico's FAS had a return on equity of 16.24% and a net margin of 2.24%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share.
Chico's FAS (NYSE:CHS) traded down 12.44% during trading on Wednesday, hitting $9.71. 15,334,531 shares of the stock traded hands. The firm has a market cap of $1.23 billion, a PE ratio of 14.07 and a beta of 0.82. The firm has a 50-day moving average price of $13.25 and a 200 day moving average price of $14.03. Chico's FAS has a 12 month low of $8.91 and a 12 month high of $16.85.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Monday, June 12th will be issued a dividend of $0.0825 per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $0.33 annualized dividend and a dividend yield of 2.98%. Chico's FAS’s payout ratio is 76.19%.
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CHS has been the topic of several recent analyst reports. TheStreet raised Chico's FAS to a “buy” rating in a research note on Tuesday, March 21st. Mizuho raised their target price on Chico's FAS from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 22nd. FBR & Co set a $17.00 target price on Chico's FAS and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Jefferies Group LLC set a $13.00 target price on Chico's FAS and gave the stock a “hold” rating in a research note on Wednesday, February 22nd. Finally, Wolfe Research raised Chico's FAS from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Chico's FAS currently has an average rating of “Hold” and a consensus target price of $15.07.
In other Chico's FAS news, Director Ross E. Roeder sold 19,926 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $14.32, for a total value of $285,340.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Colaco Donna Noce sold 51,235 shares of the firm’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $14.30, for a total transaction of $732,660.50. Following the completion of the transaction, the insider now directly owns 153,260 shares of the company’s stock, valued at approximately $2,191,618. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.
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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