Chico’s FAS, Inc. (CHS) Announces $0.08 Quarterly Dividend
Chico’s FAS, Inc. (NYSE:CHS) announced a quarterly dividend on Tuesday, November 21st, RTT News reports. Investors of record on Monday, December 4th will be paid a dividend of 0.0825 per share by the specialty retailer on Monday, December 18th. This represents a $0.33 annualized dividend and a dividend yield of 4.05%.
Chico’s FAS has increased its dividend by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Chico’s FAS has a dividend payout ratio of 52.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Chico’s FAS to earn $0.67 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 49.3%.
Shares of Chico’s FAS (NYSE:CHS) opened at $8.14 on Tuesday. The stock has a market capitalization of $1,040.00, a P/E ratio of 10.78, a P/E/G ratio of 1.13 and a beta of 0.69. Chico’s FAS has a 1-year low of $6.96 and a 1-year high of $16.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.78 and a quick ratio of 0.89.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Monday, November 20th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.05). The company had revenue of $532.30 million during the quarter, compared to the consensus estimate of $534.77 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. analysts forecast that Chico’s FAS will post 0.63 earnings per share for the current year.
Several analysts recently issued reports on the company. BidaskClub raised Chico’s FAS from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research raised Chico’s FAS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th. FBR & Co reaffirmed a “buy” rating and set a $14.00 target price on shares of Chico’s FAS in a research note on Monday, October 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $8.00 target price (up previously from $7.00) on shares of Chico’s FAS in a research note on Thursday, September 28th. Finally, Bank of America Corporation downgraded Chico’s FAS from a “neutral” rating to an “underperform” rating and cut their target price for the company from $8.50 to $7.00 in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.00.
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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