B. Riley reissued their buy rating on shares of Chico’s FAS, Inc. (NYSE:CHS) in a research note released on Wednesday morning. The firm currently has a $14.00 target price on the specialty retailer’s stock. B. Riley also issued estimates for Chico’s FAS’s Q4 2018 earnings at $0.08 EPS.
Other equities research analysts have also recently issued reports about the company. Citigroup Inc. reiterated a buy rating and set a $10.00 price target (down from $13.00) on shares of Chico’s FAS in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a buy rating and set a $12.00 price target on shares of Chico’s FAS in a research report on Thursday, August 17th. FBR & Co reiterated a buy rating and set a $14.00 price target (down from $16.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. SunTrust Banks, Inc. set a $12.00 price target on Chico’s FAS and gave the company a buy rating in a research report on Monday, October 16th. Finally, ValuEngine cut Chico’s FAS from a buy rating to a hold rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $10.91.
Shares of Chico’s FAS (NYSE CHS) opened at $8.40 on Wednesday. Chico’s FAS has a 52-week low of $6.96 and a 52-week high of $16.85. The firm has a market capitalization of $1,068.45, a PE ratio of 12.48, a PEG ratio of 0.89 and a beta of 0.69. The company has a current ratio of 1.86, a quick ratio of 0.89 and a debt-to-equity ratio of 0.09.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The firm had revenue of $532.30 million for the quarter, compared to analysts’ expectations of $534.77 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s revenue was down 10.8% on a year-over-year basis. sell-side analysts predict that Chico’s FAS will post 0.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be given a $0.0825 dividend. This represents a $0.33 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, December 1st. Chico’s FAS’s dividend payout ratio (DPR) is 49.25%.
Several hedge funds have recently bought and sold shares of CHS. Parkwood LLC purchased a new stake in Chico’s FAS in the second quarter worth approximately $102,000. Dynamic Technology Lab Private Ltd purchased a new stake in Chico’s FAS in the third quarter worth approximately $108,000. PNC Financial Services Group Inc. boosted its stake in Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after buying an additional 473 shares in the last quarter. Flinton Capital Management LLC boosted its stake in Chico’s FAS by 85.7% in the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock worth $130,000 after buying an additional 6,356 shares in the last quarter. Finally, Welch & Forbes LLC purchased a new stake in Chico’s FAS in the second quarter worth approximately $133,000.
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Chico’s FAS Company Profile
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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