Q4 2018 EPS Estimates for Chico’s FAS, Inc. (CHS) Lowered by Analyst
Chico’s FAS, Inc. (NYSE:CHS) – Investment analysts at SunTrust Banks decreased their Q4 2018 earnings per share estimates for Chico’s FAS in a report issued on Tuesday. SunTrust Banks analyst P. Quintiliano now forecasts that the specialty retailer will earn $0.03 per share for the quarter, down from their previous estimate of $0.06. SunTrust Banks currently has a “Buy” rating and a $10.00 target price on the stock.
A number of other research analysts also recently weighed in on the company. Bank of America Corporation downgraded Chico’s FAS from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $8.50 to $7.00 in a research note on Wednesday, October 11th. Telsey Advisory Group raised their price target on Chico’s FAS from $9.00 to $10.00 and gave the company a “market perform” rating in a research note on Thursday, August 31st. KeyCorp restated a “hold” rating on shares of Chico’s FAS in a research note on Friday, September 1st. FBR & Co restated a “buy” rating and issued a $14.00 price target (down from $16.00) on shares of Chico’s FAS in a research note on Thursday, August 31st. Finally, Zacks Investment Research upgraded Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Chico’s FAS presently has a consensus rating of “Hold” and a consensus target price of $11.25.
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Chico’s FAS (NYSE CHS) traded up $0.47 during mid-day trading on Thursday, reaching $8.36. The company’s stock had a trading volume of 3,418,000 shares, compared to its average volume of 2,958,112. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.89 and a current ratio of 1.86. The company has a market capitalization of $1,012.40, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.69. Chico’s FAS has a 12-month low of $6.96 and a 12-month high of $16.85.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. The firm 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%. The business’s revenue was down 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be paid a dividend of $0.0825 per share. The ex-dividend date is Friday, December 1st. This represents a $0.33 annualized dividend and a dividend yield of 3.95%. Chico’s FAS’s dividend payout ratio is currently 49.25%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC boosted its stake in shares of Chico’s FAS by 0.6% during the 3rd quarter. Sterling Capital Management LLC now owns 2,495,749 shares of the specialty retailer’s stock worth $22,337,000 after acquiring an additional 14,790 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Chico’s FAS during the 3rd quarter worth approximately $250,000. California Public Employees Retirement System boosted its stake in shares of Chico’s FAS by 11.2% during the 3rd quarter. California Public Employees Retirement System now owns 550,128 shares of the specialty retailer’s stock worth $4,924,000 after acquiring an additional 55,228 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Chico’s FAS by 124.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,510 shares of the specialty retailer’s stock worth $201,000 after acquiring an additional 12,462 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Chico’s FAS during the 3rd quarter worth approximately $296,000.
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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