Wall Street analysts expect Chico’s FAS, Inc. (NYSE:CHS) to report earnings per share of ($0.07) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Chico’s FAS’s earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.03). Chico’s FAS also reported earnings per share of ($0.07) in the same quarter last year. The firm is expected to report its next earnings report before the market opens on Thursday, February 27th.
According to Zacks, analysts expect that Chico’s FAS will report full year earnings of ($0.07) per share for the current financial year, with EPS estimates ranging from ($0.13) to ($0.02). For the next financial year, analysts anticipate that the company will report earnings of $0.02 per share, with EPS estimates ranging from ($0.21) to $0.21. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Chico’s FAS.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. The company had revenue of $484.71 million for the quarter, compared to analysts’ expectations of $473.21 million. Chico’s FAS had a negative return on equity of 1.37% and a negative net margin of 1.23%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share.
A number of research analysts have commented on the company. B. Riley boosted their price objective on Chico’s FAS from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. Telsey Advisory Group boosted their price objective on Chico’s FAS from $3.00 to $5.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective on the stock in a research note on Tuesday, January 14th. Finally, ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $4.55.
Several large investors have recently added to or reduced their stakes in CHS. First Trust Advisors LP lifted its stake in shares of Chico’s FAS by 21.8% in the first quarter. First Trust Advisors LP now owns 408,044 shares of the specialty retailer’s stock worth $1,742,000 after acquiring an additional 73,069 shares in the last quarter. Morgan Stanley lifted its stake in shares of Chico’s FAS by 4.3% in the second quarter. Morgan Stanley now owns 672,672 shares of the specialty retailer’s stock worth $2,267,000 after acquiring an additional 27,568 shares in the last quarter. Atria Investments LLC acquired a new position in shares of Chico’s FAS in the second quarter worth about $41,000. State of Alaska Department of Revenue lifted its stake in shares of Chico’s FAS by 125.5% in the third quarter. State of Alaska Department of Revenue now owns 90,552 shares of the specialty retailer’s stock worth $364,000 after acquiring an additional 50,402 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Chico’s FAS in the third quarter worth about $125,000. Institutional investors and hedge funds own 88.84% of the company’s stock.
Shares of CHS traded up $0.09 during midday trading on Thursday, reaching $4.23. 2,239,280 shares of the company were exchanged, compared to its average volume of 2,178,582. The stock has a 50-day moving average price of $4.08 and a 200-day moving average price of $3.78. The company has a market cap of $495.10 million, a price-to-earnings ratio of -20.14, a P/E/G ratio of 13.40 and a beta of 0.38. Chico’s FAS has a 1-year low of $2.33 and a 1-year high of $6.11. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 1.15.
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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