Chico’s FAS (CHS) Receives Buy Rating from B. Riley
B. Riley reissued their buy rating on shares of Chico’s FAS (NYSE:CHS) in a research note published on Tuesday morning. They currently have a $14.00 price objective on the specialty retailer’s stock. B. Riley also issued estimates for Chico’s FAS’s Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.16 EPS and Q4 2019 earnings at $0.12 EPS.
Several other analysts have also recently commented on CHS. ValuEngine cut Chico’s FAS from a buy rating to a hold rating in a research report on Sunday, December 31st. Jefferies Group reiterated a hold rating and set a $8.00 price target (up from $7.00) on shares of Chico’s FAS in a research report on Thursday, September 28th. FBR & Co reiterated a buy rating and set a $14.00 price target on shares of Chico’s FAS in a research report on Monday, October 2nd. Citigroup cut Chico’s FAS from a buy rating to a neutral rating in a research report on Monday, October 16th. Finally, KeyCorp reiterated a hold rating on shares of Chico’s FAS in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $10.91.
Chico’s FAS (NYSE CHS) traded up $0.61 during trading on Tuesday, hitting $9.87. The stock had a trading volume of 4,910,000 shares, compared to its average volume of 2,820,000. The stock has a market capitalization of $1,260.00, a PE ratio of 14.73, a PEG ratio of 1.40 and a beta of 0.73. Chico’s FAS has a 1-year low of $6.96 and a 1-year high of $15.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 0.88.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Tuesday, November 21st. The specialty retailer reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The business had revenue of $532.30 million during the quarter, compared to analysts’ expectations of $534.77 million. During the same period in the previous year, the business earned $0.20 earnings per share. The business’s revenue was down 10.8% compared to the same quarter last year. equities analysts forecast that Chico’s FAS will post 0.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were paid a dividend of $0.0825 per share. This represents a $0.33 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Friday, December 1st. Chico’s FAS’s dividend payout ratio (DPR) is currently 49.25%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System boosted its stake in Chico’s FAS by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 129,423 shares of the specialty retailer’s stock worth $1,219,000 after buying an additional 413 shares during the last quarter. Comerica Bank boosted its stake in Chico’s FAS by 0.5% during the second quarter. Comerica Bank now owns 101,736 shares of the specialty retailer’s stock worth $874,000 after buying an additional 507 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Chico’s FAS by 2.8% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 22,894 shares of the specialty retailer’s stock worth $245,000 after buying an additional 628 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Chico’s FAS by 0.8% during the second quarter. Macquarie Group Ltd. now owns 90,433 shares of the specialty retailer’s stock worth $852,000 after buying an additional 688 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Chico’s FAS by 4.1% during the second quarter. Amalgamated Bank now owns 18,696 shares of the specialty retailer’s stock worth $176,000 after buying an additional 735 shares during the last quarter.
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About Chico’s FAS
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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