Chico’s FAS, Inc. (NYSE:CHS) – Investment analysts at Jefferies Group reduced their Q4 2018 earnings per share (EPS) estimates for shares of Chico’s FAS in a report released on Wednesday. Jefferies Group analyst R. Konik now forecasts that the specialty retailer will post earnings of $0.02 per share for the quarter, down from their prior forecast of $0.03. Jefferies Group has a “Hold” rating and a $8.00 price objective on the stock.

A number of other research firms also recently weighed in on CHS. KeyCorp restated a “hold” rating on shares of Chico’s FAS in a research report on Wednesday, October 11th. SunTrust Banks set a $12.00 target price on Chico’s FAS and gave the stock a “buy” rating in a research report on Monday, October 16th. Telsey Advisory Group restated a “market perform” rating on shares of Chico’s FAS in a research report on Tuesday. Citigroup downgraded Chico’s FAS from a “buy” rating to a “neutral” rating in a research report on Monday, October 16th. Finally, ValuEngine downgraded Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Chico’s FAS presently has an average rating of “Hold” and a consensus target price of $10.91.

Chico’s FAS (NYSE CHS) traded up $0.61 during trading hours on Thursday, reaching $9.87. The company had a trading volume of 4,912,006 shares, compared to its average volume of 3,354,500. The company has a market cap of $1,180.00, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.91 and a beta of 0.73. Chico’s FAS has a one year low of $6.96 and a one year high of $15.50. The company has a quick ratio of 0.88, a current ratio of 1.86 and a debt-to-equity ratio of 0.09.

Chico’s FAS (NYSE:CHS) last released its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. 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 13.98% and a net margin of 3.77%. Chico’s FAS’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were given a $0.0825 dividend. The ex-dividend date was Friday, December 1st. This represents a $0.33 annualized dividend and a yield of 3.34%. Chico’s FAS’s payout ratio is currently 49.25%.

Hedge funds have recently made changes to their positions in the business. State Street Corp lifted its position in Chico’s FAS by 5.3% in the second quarter. State Street Corp now owns 5,139,633 shares of the specialty retailer’s stock valued at $48,417,000 after purchasing an additional 256,414 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Chico’s FAS by 32.6% during the second quarter. Goldman Sachs Group Inc. now owns 2,062,265 shares of the specialty retailer’s stock valued at $19,427,000 after acquiring an additional 506,483 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Chico’s FAS by 1.3% during the third quarter. Wells Fargo & Company MN now owns 2,016,352 shares of the specialty retailer’s stock valued at $18,046,000 after acquiring an additional 25,054 shares in the last quarter. Comerica Bank raised its holdings in shares of Chico’s FAS by 35.4% during the third quarter. Comerica Bank now owns 137,763 shares of the specialty retailer’s stock valued at $1,087,000 after acquiring an additional 36,027 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Chico’s FAS by 39.6% during the third quarter. Ameriprise Financial Inc. now owns 812,428 shares of the specialty retailer’s stock valued at $7,272,000 after acquiring an additional 230,276 shares in the last quarter.

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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.

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

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