KeyCorp Weighs in on Chico’s FAS, Inc.’s Q1 2019 Earnings (CHS)
Chico’s FAS, Inc. (NYSE:CHS) – Equities researchers at KeyCorp upped their Q1 2019 earnings estimates for shares of Chico’s FAS in a research report issued to clients and investors on Wednesday. KeyCorp analyst E. Yruma now forecasts that the specialty retailer will post earnings per share of $0.31 for the quarter, up from their prior forecast of $0.26. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Chico’s FAS’s Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.86 EPS.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The business had revenue of $532.30 million for the quarter, compared to the consensus estimate of $534.77 million. During the same period last year, the company earned $0.20 EPS. The firm’s revenue was down 10.8% compared to the same quarter last year.
Chico’s FAS (NYSE:CHS) traded up $0.61 during trading hours on Friday, reaching $9.87. 4,912,006 shares of the company traded hands, compared to its average volume of 3,354,500. The company has a current ratio of 1.86, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. Chico’s FAS has a twelve month low of $6.96 and a twelve month high of $15.50. The firm has a market cap of $1,180.00, a P/E ratio of 14.73, a PEG ratio of 0.91 and a beta of 0.73.
The company also recently declared a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were issued a dividend of $0.0825 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.33 annualized dividend and a yield of 3.34%. Chico’s FAS’s payout ratio is 49.25%.
Institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new position in Chico’s FAS during the 3rd quarter worth approximately $108,000. Flinton Capital Management LLC increased its stake in shares of Chico’s FAS by 85.7% in the 2nd quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 6,356 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Chico’s FAS in the 2nd quarter valued at $142,000. Pinebridge Investments L.P. bought a new stake in shares of Chico’s FAS in the 3rd quarter valued at $142,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Chico’s FAS in the 3rd quarter valued at $145,000.
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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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