Analysts expect Chico’s FAS, Inc. (NYSE:CHS) to post $515.19 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Chico’s FAS’s earnings. The lowest sales estimate is $500.00 million and the highest is $544.80 million. Chico’s FAS posted sales of $587.78 million in the same quarter last year, which suggests a negative year-over-year growth rate of 12.3%. The business is expected to announce its next earnings report on Wednesday, February 27th.
On average, analysts expect that Chico’s FAS will report full year sales of $2.12 billion for the current year, with estimates ranging from $2.11 billion to $2.15 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.06 billion, with estimates ranging from $2.01 billion to $2.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Chico’s FAS.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $499.90 million during the quarter, compared to analyst estimates of $515.63 million. Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. B. Riley set a $7.00 price target on Chico’s FAS and gave the stock a “buy” rating in a research note on Thursday, November 29th. Citigroup decreased their price target on Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, November 29th. ValuEngine downgraded Chico’s FAS from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 28th. Finally, Bank of America decreased their price target on Chico’s FAS from $6.50 to $4.00 and set an “underperform” rating for the company in a research note on Thursday, November 29th. Three 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. The stock has an average rating of “Hold” and a consensus price target of $7.14.
A number of hedge funds have recently modified their holdings of CHS. Royal Bank of Canada boosted its position in shares of Chico’s FAS by 208.2% during the first quarter. Royal Bank of Canada now owns 18,186 shares of the specialty retailer’s stock worth $164,000 after buying an additional 12,286 shares during the period. Principal Financial Group Inc. boosted its position in shares of Chico’s FAS by 3.7% during the first quarter. Principal Financial Group Inc. now owns 1,082,884 shares of the specialty retailer’s stock worth $9,789,000 after buying an additional 38,582 shares during the period. Bank of Montreal Can boosted its position in shares of Chico’s FAS by 1,047.1% during the second quarter. Bank of Montreal Can now owns 203,193 shares of the specialty retailer’s stock worth $1,653,000 after buying an additional 185,479 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Chico’s FAS during the second quarter worth approximately $150,000. Finally, Aperio Group LLC raised its holdings in Chico’s FAS by 57.7% during the second quarter. Aperio Group LLC now owns 55,439 shares of the specialty retailer’s stock worth $451,000 after purchasing an additional 20,293 shares in the last quarter.
NYSE:CHS opened at $5.80 on Friday. The stock has a market capitalization of $726.75 million, a P/E ratio of 8.53, a PEG ratio of 1.74 and a beta of 0.68. Chico’s FAS has a one year low of $4.42 and a one year high of $10.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.01 and a quick ratio of 1.05.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, December 10th will be paid a $0.085 dividend. The ex-dividend date is Friday, December 7th. This represents a $0.34 dividend on an annualized basis and a yield of 5.86%. Chico’s FAS’s payout ratio is currently 50.00%.
About Chico’s FAS
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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