Brokerages expect Chico’s FAS, Inc. (NYSE:CHS) to post $541.58 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Chico’s FAS’s earnings. The highest sales estimate is $555.20 million and the lowest is $532.00 million. Chico’s FAS posted sales of $596.91 million in the same quarter last year, which suggests a negative year over year growth rate of 9.3%. The firm is scheduled to report its next earnings results on Tuesday, November 28th.

According to Zacks, analysts expect that Chico’s FAS will report full year sales of $541.58 million for the current year, with estimates ranging from $2.23 billion to $2.30 billion. For the next year, analysts anticipate that the business will report sales of $2.21 billion per share, with estimates ranging from $2.14 billion to $2.28 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Chico’s FAS.

Chico’s FAS (NYSE:CHS) last announced its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The business had revenue of $578.60 million for the quarter, compared to the consensus estimate of $578.58 million. During the same period in the prior year, the business posted $0.25 EPS. Chico’s FAS’s revenue for the quarter was down 9.0% on a year-over-year basis.

CHS has been the subject of several research reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $8.00 price target (up previously from $7.00) on shares of Chico’s FAS in a research report on Thursday. Royal Bank Of Canada reissued a “buy” rating and set a $12.00 price objective on shares of Chico’s FAS in a report on Thursday, August 17th. TheStreet lowered shares of Chico’s FAS from a “b-” rating to a “c+” rating in a report on Tuesday, June 6th. BidaskClub downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Chico’s FAS currently has a consensus rating of “Hold” and a consensus price target of $12.31.

ILLEGAL ACTIVITY NOTICE: “Chico’s FAS, Inc. (CHS) Expected to Post Quarterly Sales of $541.58 Million” was first published by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.watchlistnews.com/chicos-fas-inc-chs-expected-to-post-quarterly-sales-of-541-58-million/1601872.html.

Hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can increased its holdings in shares of Chico’s FAS by 3.9% during the first quarter. Great West Life Assurance Co. Can now owns 79,215 shares of the specialty retailer’s stock valued at $1,123,000 after acquiring an additional 2,952 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Chico’s FAS by 9.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 129,010 shares of the specialty retailer’s stock valued at $1,832,000 after purchasing an additional 10,891 shares during the last quarter. First Trust Advisors LP raised its position in shares of Chico’s FAS by 123.4% in the 1st quarter. First Trust Advisors LP now owns 136,535 shares of the specialty retailer’s stock valued at $1,939,000 after purchasing an additional 75,421 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Chico’s FAS by 264.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 286,923 shares of the specialty retailer’s stock valued at $4,074,000 after purchasing an additional 208,184 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Chico’s FAS in the 1st quarter valued at approximately $618,000.

Chico’s FAS (NYSE CHS) opened at 8.95 on Monday. Chico’s FAS has a 12-month low of $6.96 and a 12-month high of $16.85. The stock’s 50 day moving average is $8.25 and its 200 day moving average is $10.69. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.48 and a beta of 0.63.

Chico’s FAS Company Profile

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.

Get a free copy of the Zacks research report on Chico’s FAS (CHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Chico's FAS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.