Wall Street brokerages expect Chico’s (NYSE:CHS) to report sales of $556.76 million for the current quarter, Zacks reports. Five analysts have made estimates for Chico’s’ earnings, with the highest sales estimate coming in at $571.60 million and the lowest estimate coming in at $548.80 million. Chico’s reported sales of $583.73 million in the same quarter last year, which indicates a negative year over year growth rate of 4.6%. The company is scheduled to announce its next earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that Chico’s will report full-year sales of $2.20 billion for the current fiscal year, with estimates ranging from $2.16 billion to $2.26 billion. For the next fiscal year, analysts expect that the company will report sales of $2.19 billion per share, with estimates ranging from $2.08 billion to $2.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Chico’s.
Chico’s (NYSE:CHS) last announced its earnings results on Wednesday, February 28th. The specialty retailer reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $587.78 million during the quarter, compared to the consensus estimate of $579.75 million. Chico’s had a net margin of 4.43% and a return on equity of 13.79%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share.
Several research firms recently issued reports on CHS. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Chico’s in a report on Tuesday, January 9th. Zacks Investment Research raised shares of Chico’s from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, February 2nd. SunTrust Banks reaffirmed a “buy” rating and issued a $13.00 price target on shares of Chico’s in a report on Friday, February 2nd. ValuEngine cut shares of Chico’s from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $10.00 price target on shares of Chico’s in a report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.92.
Shares of CHS stock traded up $0.16 on Friday, hitting $10.45. The stock had a trading volume of 222,609 shares, compared to its average volume of 2,967,281. The company has a market capitalization of $1,330.45, a PE ratio of 15.41, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.08. Chico’s has a 52-week low of $6.96 and a 52-week high of $14.43.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from Chico’s’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 16th. Chico’s’s dividend payout ratio is 50.00%.
Large investors have recently modified their holdings of the business. Millennium Management LLC grew its position in Chico’s by 161.2% in the 4th quarter. Millennium Management LLC now owns 3,378,419 shares of the specialty retailer’s stock valued at $29,798,000 after buying an additional 2,084,803 shares in the last quarter. Schroder Investment Management Group grew its position in Chico’s by 390.6% in the 4th quarter. Schroder Investment Management Group now owns 1,414,800 shares of the specialty retailer’s stock valued at $12,479,000 after buying an additional 1,126,400 shares in the last quarter. Maverick Capital Ltd. bought a new position in Chico’s in the 4th quarter valued at about $7,704,000. SG Capital Management LLC bought a new position in Chico’s in the 4th quarter valued at about $6,437,000. Finally, Two Sigma Investments LP bought a new position in Chico’s in the 4th quarter valued at about $5,140,000. 99.46% of the stock is currently owned by institutional investors.
Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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