Chico’s FAS, Inc. (NYSE:CHS) – Investment analysts at B. Riley cut their Q4 2020 earnings per share (EPS) estimates for Chico’s FAS in a research note issued on Wednesday, June 12th. B. Riley analyst S. Anderson now forecasts that the specialty retailer will post earnings per share of ($0.05) for the quarter, down from their prior forecast of ($0.04). B. Riley has a “Buy” rating and a $6.00 price target on the stock.
A number of other equities research analysts have also commented on CHS. Zacks Investment Research lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Friday, March 8th. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price objective (down from $5.00) on shares of Chico’s FAS in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Chico’s FAS has a consensus rating of “Hold” and a consensus target price of $5.06.
Shares of CHS opened at $3.49 on Friday. Chico’s FAS has a fifty-two week low of $3.24 and a fifty-two week 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. The company has a market capitalization of $418.70 million, a PE ratio of 11.26, a price-to-earnings-growth ratio of 7.47 and a beta of 0.28.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Chico’s FAS had a net margin of 0.41% and a return on equity of 3.34%. The firm had revenue of $517.70 million during the quarter, compared to the consensus estimate of $517.61 million. During the same quarter last year, the company earned $0.23 earnings per share. The company’s revenue was down 7.8% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given 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 10.03%. Chico’s FAS’s dividend payout ratio (DPR) is 112.90%.
In related news, Director Kimberly Roy Tofalli bought 14,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were bought at an average price of $3.62 per share, for a total transaction of $50,680.00. Following the completion of the purchase, the director now directly owns 21,238 shares of the company’s stock, valued at $76,881.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Texas Permanent School Fund raised its position in Chico’s FAS by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 82,280 shares of the specialty retailer’s stock valued at $462,000 after purchasing an additional 3,190 shares in the last quarter. Comerica Bank grew its holdings in shares of Chico’s FAS by 3.1% during the first quarter. Comerica Bank now owns 128,881 shares of the specialty retailer’s stock valued at $516,000 after purchasing an additional 3,889 shares during the last quarter. Swiss National Bank grew its holdings in Chico’s FAS by 1.7% in the 1st quarter. Swiss National Bank now owns 229,100 shares of the specialty retailer’s stock worth $978,000 after buying an additional 3,900 shares in the last quarter. CWM Advisors LLC boosted its stake in Chico’s FAS by 31.5% during the 4th quarter. CWM Advisors LLC now owns 16,661 shares of the specialty retailer’s stock valued at $94,000 after purchasing an additional 3,987 shares in the last quarter. Finally, BB&T Securities LLC boosted its stake in Chico’s FAS by 36.8% during the 4th quarter. BB&T Securities LLC now owns 17,100 shares of the specialty retailer’s stock valued at $96,000 after purchasing an additional 4,600 shares in the last quarter. 93.77% of the stock is owned by institutional investors and hedge funds.
About Chico’s FAS
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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