Jefferies Financial Group Weighs in on Chico’s FAS, Inc.’s FY2019 Earnings (CHS)

Chico’s FAS, Inc. (NYSE:CHS) – Jefferies Financial Group lowered their FY2019 earnings estimates for Chico’s FAS in a note issued to investors on Wednesday, November 28th. Jefferies Financial Group analyst J. Stichter now forecasts that the specialty retailer will post earnings per share of $0.29 for the year, down from their prior estimate of $0.63. Jefferies Financial Group also issued estimates for Chico’s FAS’s Q4 2019 earnings at ($0.13) EPS and FY2020 earnings at $0.24 EPS.

Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $499.90 million for the quarter, compared to the consensus estimate of $515.63 million. Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS.

A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research downgraded Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Royal Bank of Canada downgraded Chico’s FAS from an “outperform” rating to a “sector perform” rating and set a $4.50 target price for the company. in a research report on Wednesday, November 28th. MKM Partners dropped their target price on Chico’s FAS from $8.00 to $4.50 and set a “neutral” rating for the company in a research report on Thursday. Finally, Bank of America dropped their target price on Chico’s FAS from $6.50 to $4.00 and set an “underperform” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Chico’s FAS currently has a consensus rating of “Hold” and an average price target of $7.14.

CHS stock opened at $5.40 on Monday. The firm has a market cap of $678.77 million, a PE ratio of 7.94, a PEG ratio of 0.98 and a beta of 0.78. Chico’s FAS has a twelve month low of $4.42 and a twelve month high of $10.90. The company has a quick ratio of 1.15, a current ratio of 2.01 and a debt-to-equity ratio of 0.09.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Monday, December 10th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.34 dividend on an annualized basis and a yield of 6.30%. Chico’s FAS’s dividend payout ratio is presently 50.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHS. Renaissance Technologies LLC increased its holdings in Chico’s FAS by 193.7% in the third quarter. Renaissance Technologies LLC now owns 4,924,864 shares of the specialty retailer’s stock valued at $42,699,000 after purchasing an additional 3,247,764 shares during the last quarter. BlackRock Inc. increased its holdings in Chico’s FAS by 13.3% in the second quarter. BlackRock Inc. now owns 18,337,938 shares of the specialty retailer’s stock valued at $149,271,000 after purchasing an additional 2,159,269 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Chico’s FAS by 85.3% in the third quarter. Neuberger Berman Group LLC now owns 3,210,303 shares of the specialty retailer’s stock valued at $27,831,000 after purchasing an additional 1,477,841 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in Chico’s FAS in the third quarter valued at about $10,947,000. Finally, Dimensional Fund Advisors LP increased its holdings in Chico’s FAS by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 10,881,891 shares of the specialty retailer’s stock valued at $88,580,000 after purchasing an additional 1,218,303 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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Earnings History and Estimates for Chico`s FAS (NYSE:CHS)

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