Q2 2022 EPS Estimates for Chico’s FAS, Inc. Lifted by B. Riley (NYSE:CHS)

Chico’s FAS, Inc. (NYSE:CHS) – Stock analysts at B. Riley raised their Q2 2022 earnings estimates for shares of Chico’s FAS in a note issued to investors on Tuesday, June 8th. B. Riley analyst S. Anderson now anticipates that the specialty retailer will post earnings per share of ($0.04) for the quarter, up from their previous forecast of ($0.09). B. Riley has a “Neutral” rating and a $5.25 price target on the stock. B. Riley also issued estimates for Chico’s FAS’s Q3 2022 earnings at ($0.04) EPS, Q4 2022 earnings at $0.02 EPS, FY2022 earnings at ($0.14) EPS and FY2023 earnings at $0.44 EPS.

Several other brokerages have also commented on CHS. Zacks Investment Research upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Thursday. Telsey Advisory Group lifted their price target on shares of Chico’s FAS from $5.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, TheStreet upgraded shares of Chico’s FAS from a “d” rating to a “c-” rating in a research note on Tuesday.

Chico’s FAS stock opened at $5.36 on Friday. The stock has a market cap of $657.05 million, a PE ratio of -1.72 and a beta of 1.54. The stock’s fifty day moving average price is $3.87. Chico’s FAS has a 12-month low of $0.91 and a 12-month high of $6.48. The company has a current ratio of 0.93, a quick ratio of 0.46 and a debt-to-equity ratio of 0.90.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Monday, June 7th. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.09. Chico’s FAS had a negative net margin of 27.20% and a negative return on equity of 66.99%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Chico’s FAS by 7.7% in the first quarter. BlackRock Inc. now owns 19,770,296 shares of the specialty retailer’s stock valued at $65,439,000 after purchasing an additional 1,420,730 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Chico’s FAS by 13.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,953,340 shares of the specialty retailer’s stock worth $11,056,000 after acquiring an additional 824,305 shares during the period. Royce & Associates LP increased its stake in shares of Chico’s FAS by 18,745.0% during the first quarter. Royce & Associates LP now owns 2,045,814 shares of the specialty retailer’s stock worth $6,772,000 after acquiring an additional 2,034,958 shares during the period. Geode Capital Management LLC increased its stake in shares of Chico’s FAS by 7.4% during the first quarter. Geode Capital Management LLC now owns 1,920,726 shares of the specialty retailer’s stock worth $6,357,000 after acquiring an additional 133,152 shares during the period. Finally, Barington Capital Group L.P. increased its stake in shares of Chico’s FAS by 79.6% during the first quarter. Barington Capital Group L.P. now owns 1,661,505 shares of the specialty retailer’s stock worth $5,500,000 after acquiring an additional 736,505 shares during the period. Institutional investors own 76.14% of the company’s stock.

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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Earnings History and Estimates for Chico`s FAS (NYSE:CHS)

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