Equities research analysts forecast that Chico’s FAS, Inc. (NYSE:CHS) will announce sales of $283.15 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Chico’s FAS’s earnings, with the highest sales estimate coming in at $284.00 million and the lowest estimate coming in at $282.30 million. Chico’s FAS posted sales of $280.26 million in the same quarter last year, which would suggest a positive year over year growth rate of 1%. The company is expected to announce its next earnings report on Wednesday, June 9th.
On average, analysts expect that Chico’s FAS will report full-year sales of $1.45 billion for the current fiscal year, with estimates ranging from $1.44 billion to $1.45 billion. For the next year, analysts expect that the business will report sales of $1.63 billion, with estimates ranging from $1.50 billion to $1.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Chico’s FAS.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Monday, March 1st. The specialty retailer reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.36). Chico’s FAS had a negative net margin of 19.48% and a negative return on equity of 38.38%. The firm had revenue of $386.20 million for the quarter, compared to the consensus estimate of $447.60 million.
A number of research firms have recently commented on CHS. Zacks Investment Research raised Chico’s FAS from a “sell” rating to a “hold” rating in a report on Friday, March 5th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Chico’s FAS in a report on Friday, February 26th. Finally, B. Riley raised their price target on Chico’s FAS from $2.00 to $2.50 and gave the stock a “neutral” rating in a report on Wednesday, March 3rd.
A number of large investors have recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC bought a new stake in Chico’s FAS during the first quarter valued at $33,000. ProShare Advisors LLC boosted its stake in Chico’s FAS by 71.1% during the fourth quarter. ProShare Advisors LLC now owns 28,631 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 11,897 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Chico’s FAS by 13.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 113,027 shares of the specialty retailer’s stock valued at $180,000 after buying an additional 13,562 shares during the period. Credit Suisse AG boosted its stake in Chico’s FAS by 229.4% during the fourth quarter. Credit Suisse AG now owns 41,298 shares of the specialty retailer’s stock valued at $66,000 after buying an additional 28,759 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Chico’s FAS during the fourth quarter valued at about $50,000. 76.09% of the stock is owned by institutional investors.
NYSE CHS traded down $0.01 on Tuesday, hitting $3.22. 1,223,688 shares of the stock traded hands, compared to its average volume of 2,511,671. The business’s fifty day moving average is $3.22 and its two-hundred day moving average is $2.23. Chico’s FAS has a 12 month low of $0.91 and a 12 month high of $4.11. The firm has a market capitalization of $385.45 million, a price-to-earnings ratio of -1.30 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.50 and a current ratio of 1.03.
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), Soma, and TellTale brands. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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