Chico’s FAS, Inc. (NYSE:CHS) shares gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $8.59, but opened at $7.83. Chico’s FAS shares last traded at $7.52, with a volume of 7,350,764 shares.

The specialty retailer reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.03. The firm had revenue of $578.60 million during the quarter, compared to the consensus estimate of $578.58 million. Chico’s FAS had a return on equity of 17.36% and a net margin of 3.86%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be given a $0.0825 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.33 dividend on an annualized basis and a yield of 4.39%. Chico’s FAS’s payout ratio is 46.48%.

A number of analysts recently weighed in on CHS shares. Royal Bank Of Canada set a $16.00 target price on Chico’s FAS and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Citigroup Inc. dropped their target price on Chico’s FAS from $18.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. TheStreet downgraded Chico’s FAS from a “b-” rating to a “c+” rating in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG dropped their target price on Chico’s FAS from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Chico’s FAS currently has a consensus rating of “Hold” and a consensus price target of $13.43.

In other news, Director Ross E. Roeder sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $9.75, for a total transaction of $97,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ross E. Roeder sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $9.50, for a total value of $47,500.00. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of CHS. Canada Pension Plan Investment Board boosted its position in Chico’s FAS by 48.4% in the second quarter. Canada Pension Plan Investment Board now owns 457,384 shares of the specialty retailer’s stock valued at $4,309,000 after buying an additional 149,200 shares during the period. Shufro Rose & Co. LLC boosted its position in Chico’s FAS by 1.9% in the first quarter. Shufro Rose & Co. LLC now owns 194,350 shares of the specialty retailer’s stock valued at $2,760,000 after buying an additional 3,700 shares during the period. Vanguard Group Inc. boosted its position in Chico’s FAS by 25.2% in the first quarter. Vanguard Group Inc. now owns 12,462,465 shares of the specialty retailer’s stock valued at $176,967,000 after buying an additional 2,511,021 shares during the period. Advantus Capital Management Inc boosted its position in Chico’s FAS by 3.7% in the first quarter. Advantus Capital Management Inc now owns 16,543 shares of the specialty retailer’s stock valued at $235,000 after buying an additional 583 shares during the period. Finally, Teachers Advisors LLC boosted its position in Chico’s FAS by 10.8% in the first quarter. Teachers Advisors LLC now owns 1,028,765 shares of the specialty retailer’s stock valued at $14,608,000 after buying an additional 100,187 shares during the period.

The stock’s 50-day moving average is $8.60 and its 200-day moving average is $11.43. The firm has a market cap of $947.90 million, a PE ratio of 10.49 and a beta of 0.66.

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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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