B. Riley reaffirmed their buy rating on shares of Chico’s FAS (NYSE:CHS) in a research report released on Tuesday morning. B. Riley currently has a $14.00 target price on the specialty retailer’s stock. B. Riley also issued estimates for Chico’s FAS’s Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.16 EPS and Q4 2019 earnings at $0.12 EPS.
CHS has been the subject of several other reports. Zacks Investment Research upgraded Chico’s FAS from a sell rating to a hold rating in a research note on Tuesday, October 31st. Jefferies Group restated a hold rating and issued a $8.00 target price (up from $7.00) on shares of Chico’s FAS in a research note on Thursday, September 28th. FBR & Co restated a buy rating and issued a $14.00 target price on shares of Chico’s FAS in a research note on Monday, October 2nd. KeyCorp restated a hold rating on shares of Chico’s FAS in a research note on Thursday, November 16th. Finally, SunTrust Banks set a $10.00 target price on Chico’s FAS and gave the company a buy rating in a research note on Friday, November 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $10.91.
Shares of Chico’s FAS (NYSE:CHS) traded up $0.61 on Tuesday, hitting $9.87. The stock had a trading volume of 4,912,006 shares, compared to its average volume of 3,354,500. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 1.86. The firm has a market cap of $1,180.00, a P/E ratio of 14.73, a PEG ratio of 0.91 and a beta of 0.73. Chico’s FAS has a 12 month low of $6.96 and a 12 month high of $15.50.
Chico’s FAS (NYSE:CHS) last issued its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ 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%. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. equities research analysts predict that Chico’s FAS will post 0.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were paid a dividend of $0.0825 per share. The ex-dividend date was Friday, December 1st. This represents a $0.33 dividend on an annualized basis and a yield of 3.34%. Chico’s FAS’s dividend payout ratio (DPR) is currently 49.25%.
A number of hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its stake in 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 valued at $22,337,000 after purchasing an additional 14,790 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Chico’s FAS during the 3rd quarter valued at about $250,000. California Public Employees Retirement System boosted its stake in 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 valued at $4,924,000 after purchasing an additional 55,228 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in 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 valued at $201,000 after purchasing an additional 12,462 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Chico’s FAS during the 3rd quarter valued at about $296,000.
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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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