Analysts expect that Chico’s FAS, Inc. (NYSE:CHS) will post sales of $514.65 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Chico’s FAS’s earnings, with the lowest sales estimate coming in at $514.30 million and the highest estimate coming in at $515.00 million. Chico’s FAS posted sales of $561.82 million in the same quarter last year, which suggests a negative year-over-year growth rate of 8.4%. The business is scheduled to report its next earnings report on Wednesday, May 29th.

On average, analysts expect that Chico’s FAS will report full year sales of $2.05 billion for the current year, with estimates ranging from $2.03 billion to $2.07 billion. For the next financial year, analysts forecast that the firm will post sales of $2.00 billion, with estimates ranging from $1.95 billion to $2.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Chico’s FAS.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, March 6th. The specialty retailer reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $524.70 million during the quarter, compared to analyst estimates of $514.28 million. Chico’s FAS had a return on equity of 6.89% and a net margin of 1.67%. Chico’s FAS’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 EPS.

A number of research analysts have commented on the company. Zacks Investment Research lowered Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a report on Friday. B. Riley set a $7.00 target price on Chico’s FAS and gave the stock a “buy” rating in a report on Thursday, November 29th. Morgan Stanley reduced their target price on Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, November 30th. Finally, Citigroup reduced their target price on Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, November 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Chico’s FAS currently has an average rating of “Hold” and an average price target of $6.15.

CHS traded down $0.14 during midday trading on Friday, reaching $4.61. 6,365,820 shares of the company’s stock traded hands, compared to its average volume of 3,320,746. The firm has a market capitalization of $634.96 million, a price-to-earnings ratio of 14.87, a PEG ratio of 3.69 and a beta of 0.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.76 and a quick ratio of 0.91. Chico’s FAS has a 52 week low of $4.42 and a 52 week high of $10.90.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be issued a dividend of $0.0875 per share. This is an increase from Chico’s FAS’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 7.59%. Chico’s FAS’s dividend payout ratio is 109.68%.

Hedge funds have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new position in shares of Chico’s FAS during the 4th quarter worth approximately $28,000. Eads & Heald Wealth Management purchased a new stake in shares of Chico’s FAS in the 4th quarter worth approximately $62,000. Acadian Asset Management LLC grew its stake in shares of Chico’s FAS by 145.3% in the 3rd quarter. Acadian Asset Management LLC now owns 14,191 shares of the specialty retailer’s stock worth $123,000 after buying an additional 8,405 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Chico’s FAS in the 4th quarter worth approximately $82,000. Finally, Zacks Investment Management purchased a new stake in shares of Chico’s FAS in the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 97.27% of the company’s stock.

Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. 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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