Chico’s FAS, Inc. (NYSE:CHS) – Equities researchers at B. Riley decreased their Q2 2020 earnings per share estimates for Chico’s FAS in a report released on Wednesday, June 12th. B. Riley analyst S. Anderson now anticipates that the specialty retailer will earn $0.01 per share for the quarter, down from their prior forecast of $0.07. B. Riley has a “Buy” rating and a $6.00 price objective on the stock. B. Riley also issued estimates for Chico’s FAS’s FY2020 earnings at $0.04 EPS and FY2021 earnings at $0.26 EPS.
CHS has been the subject of several other reports. ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price target (down previously from $5.00) on shares of Chico’s FAS in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.06.
Shares of CHS opened at $3.55 on Thursday. The company has a market capitalization of $434.85 million, a price-to-earnings ratio of 11.45, a PEG ratio of 6.07 and a beta of 0.28. Chico’s FAS has a twelve month low of $3.24 and a twelve month high of $10.44. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.09 and a quick ratio of 0.91.
Chico’s FAS (NYSE:CHS) last announced its earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $517.70 million during the quarter, compared to the consensus estimate of $517.61 million. Chico’s FAS had a net margin of 0.41% and a return on equity of 3.34%. Chico’s FAS’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.23 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a dividend of $0.0875 per share. The ex-dividend date is Friday, June 14th. This represents a $0.35 annualized dividend and a dividend yield of 9.86%. Chico’s FAS’s dividend payout ratio (DPR) is presently 112.90%.
Institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new position in Chico’s FAS in the fourth quarter valued at $28,000. SEI Investments Co grew its position in shares of Chico’s FAS by 143.9% in the first quarter. SEI Investments Co now owns 9,020 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 5,322 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of Chico’s FAS in the fourth quarter valued at about $48,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of Chico’s FAS in the first quarter valued at about $59,000. Finally, World Asset Management Inc acquired a new stake in shares of Chico’s FAS in the first quarter valued at about $62,000. 93.77% of the stock is owned by hedge funds and other institutional investors.
Chico’s FAS Company Profile
Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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