B. Riley Equities Analysts Lift Earnings Estimates for Chico’s FAS, Inc. (CHS)

Chico’s FAS, Inc. (NYSE:CHS) – Analysts at B. Riley lifted their Q1 2019 EPS estimates for Chico’s FAS in a note issued to investors on Monday, May 21st. B. Riley analyst S. Anderson now anticipates that the specialty retailer will earn $0.26 per share for the quarter, up from their prior estimate of $0.25.

CHS has been the topic of a number of other research reports. Royal Bank of Canada reissued a “buy” rating and set a $11.00 price target on shares of Chico’s FAS in a research report on Thursday, March 1st. Morgan Stanley reissued an “equal weight” rating and set a $12.00 price target (up previously from $11.00) on shares of Chico’s FAS in a research report on Thursday, March 1st. SunTrust Banks set a $14.00 price target on Chico’s FAS and gave the stock a “buy” rating in a research report on Wednesday, February 28th. ValuEngine downgraded Chico’s FAS from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, Nomura raised their target price on Chico’s FAS from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, March 5th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Chico’s FAS has a consensus rating of “Hold” and a consensus price target of $10.92.

Shares of NYSE:CHS opened at $10.09 on Wednesday. The company has a market cap of $1.29 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.13 and a beta of 0.76. Chico’s FAS has a 1 year low of $6.96 and a 1 year high of $10.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.05 and a current ratio of 1.93.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Wednesday, February 28th. The specialty retailer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $587.78 million for the quarter, compared to the consensus estimate of $579.75 million. Chico’s FAS had a return on equity of 13.79% and a net margin of 4.43%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 18th will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Friday, June 15th. Chico’s FAS’s dividend payout ratio is presently 50.00%.

Several hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in shares of Chico’s FAS by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 1,082,884 shares of the specialty retailer’s stock valued at $9,789,000 after purchasing an additional 38,582 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Chico’s FAS by 208.2% in the 1st quarter. Royal Bank of Canada now owns 18,186 shares of the specialty retailer’s stock valued at $164,000 after purchasing an additional 12,286 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Chico’s FAS in the 1st quarter valued at $400,000. Highbridge Capital Management LLC lifted its stake in shares of Chico’s FAS by 201.7% in the 1st quarter. Highbridge Capital Management LLC now owns 76,573 shares of the specialty retailer’s stock valued at $692,000 after acquiring an additional 51,196 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in shares of Chico’s FAS by 49.1% in the 1st quarter. Segall Bryant & Hamill LLC now owns 855,783 shares of the specialty retailer’s stock valued at $7,736,000 after acquiring an additional 281,787 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

About Chico’s FAS

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.

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

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