Equities research analysts expect Chico's FAS, Inc. (NYSE:CHS) to announce sales of $556.76 million for the current quarter, Zacks reports. Five analysts have provided estimates for Chico's FAS’s earnings, with the lowest sales estimate coming in at $548.80 million and the highest estimate coming in at $571.60 million. Chico's FAS reported sales of $583.73 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.6%. The firm is scheduled to announce its next earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that Chico's FAS will report full year sales of $556.76 million for the current fiscal year, with estimates ranging from $2.16 billion to $2.26 billion. For the next financial year, analysts anticipate that the business will report sales of $2.20 billion per share, with estimates ranging from $2.08 billion to $2.29 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Chico's FAS.
Chico's FAS (NYSE:CHS) last announced its earnings results on Wednesday, February 28th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $587.78 million during the quarter, compared to analysts’ expectations of $579.75 million. Chico's FAS had a net margin of 4.43% and a return on equity of 13.79%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS.
Several equities research analysts have weighed in on CHS shares. SunTrust Banks set a $10.00 price objective on shares of Chico's FAS and gave the company a “buy” rating in a research report on Friday, November 17th. KeyCorp restated a “hold” rating on shares of Chico's FAS in a research report on Thursday, November 16th. B. Riley restated a “buy” rating and issued a $14.00 price objective on shares of Chico's FAS in a research report on Wednesday, November 22nd. ValuEngine cut shares of Chico's FAS from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Telsey Advisory Group restated a “market perform” rating on shares of Chico's FAS in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $10.92.
Shares of Chico's FAS (CHS) traded up $0.10 during trading on Friday, hitting $8.87. 4,104,314 shares of the company were exchanged, compared to its average volume of 3,088,620. The firm has a market cap of $1,100.00, a PE ratio of 12.53, a P/E/G ratio of 0.99 and a beta of 0.73. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.08. Chico's FAS has a 1-year low of $6.96 and a 1-year high of $14.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, March 16th. This is an increase from Chico's FAS’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.83%. Chico's FAS’s dividend payout ratio (DPR) is 46.48%.
Several hedge funds and other institutional investors have recently bought and sold shares of CHS. Public Employees Retirement System of Ohio acquired a new position in Chico's FAS during the second quarter worth $328,000. First Trust Advisors LP boosted its position in shares of Chico's FAS by 63.8% in the third quarter. First Trust Advisors LP now owns 293,173 shares of the specialty retailer’s stock valued at $2,624,000 after acquiring an additional 114,154 shares during the period. Aperio Group LLC boosted its position in shares of Chico's FAS by 14.5% in the third quarter. Aperio Group LLC now owns 58,411 shares of the specialty retailer’s stock valued at $523,000 after acquiring an additional 7,416 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Chico's FAS in the third quarter valued at about $145,000. Finally, Victory Capital Management Inc. boosted its position in shares of Chico's FAS by 76.5% in the third quarter. Victory Capital Management Inc. now owns 55,797 shares of the specialty retailer’s stock valued at $499,000 after acquiring an additional 24,182 shares during the period. Institutional investors own 99.42% of the company’s stock.
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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