A number of other analysts have also recently weighed in on CHS. Analysts at JPMorgan Chase cut their price target on shares of Chico’s from $21.00 to $19.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Maxim Group initiated coverage on shares of Chico’s in a research note to investors on Tuesday. They set a “buy” rating and a $22.00 price target on the stock. Finally, analysts at FBR Capital reiterated a “marketperform” rating on shares of Chico’s in a research note to investors on Monday, December 17th. They now have a $20.00 price target on the stock, up previously from $18.00.
Three analysts have rated the stock with a buy rating, ten have given a hold rating, and one has issued a sell rating to the company. The company currently has a consensus rating of “hold” and a consensus target price of $19.55.
Chico’s traded up 1.10% on Wednesday, hitting $17.43. Chico’s has a 52-week low of $13.52 and a 52-week high of $19.76. The stock’s 50-day moving average is currently $17.51. The company has a market cap of $2.807 billion and a price-to-earnings ratio of 15.96.
Chico’s last announced its earnings results on Thursday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $651.90 million for the quarter, compared to the consensus estimate of $665.57 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, analysts predict that Chico’s will post $1.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Monday, March 18th will be given a dividend of $0.06 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Chico’s's previous quarterly dividend of $0.05.
Chico’s FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico’s, White House / Black Market (WH/BM) and Soma Intimates (Soma) brand names.
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