Chico’s FAS, Inc. (NYSE:CHS) – Analysts at B. Riley decreased their Q2 2020 earnings estimates for shares of Chico’s FAS in a report issued on Wednesday, June 12th. B. Riley analyst S. Anderson now expects that the specialty retailer will earn $0.01 per share for the quarter, down from their previous estimate of $0.07. B. Riley currently has a “Buy” rating and a $6.00 target price on the stock. B. Riley also issued estimates for Chico’s FAS’s FY2020 earnings at $0.04 EPS and FY2021 earnings at $0.26 EPS.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $517.70 million during the quarter, compared to the consensus estimate of $517.61 million. Chico’s FAS had a net margin of 0.41% and a return on equity of 3.34%. The company’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share.
A number of other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Wednesday. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Chico’s FAS in a research report on Wednesday. Finally, ValuEngine downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Chico’s FAS currently has a consensus rating of “Hold” and a consensus target price of $5.06.
Shares of Chico’s FAS stock opened at $3.55 on Thursday. The stock has a market capitalization of $434.85 million, a price-to-earnings ratio of 11.45, a PEG ratio of 6.07 and a beta of 0.28. Chico’s FAS has a fifty-two week low of $3.24 and a fifty-two week high of $10.44. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.09 and a quick ratio of 0.91.
Several institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund grew its stake in shares of Chico’s FAS by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 82,280 shares of the specialty retailer’s stock valued at $462,000 after buying an additional 3,190 shares during the period. Comerica Bank boosted its position in shares of Chico’s FAS by 3.1% during the 1st quarter. Comerica Bank now owns 128,881 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 3,889 shares during the period. Swiss National Bank boosted its position in shares of Chico’s FAS by 1.7% during the 1st quarter. Swiss National Bank now owns 229,100 shares of the specialty retailer’s stock worth $978,000 after purchasing an additional 3,900 shares during the period. CWM Advisors LLC boosted its position in shares of Chico’s FAS by 31.5% during the 4th quarter. CWM Advisors LLC now owns 16,661 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 3,987 shares during the period. Finally, BB&T Securities LLC boosted its position in shares of Chico’s FAS by 36.8% during the 4th quarter. BB&T Securities LLC now owns 17,100 shares of the specialty retailer’s stock worth $96,000 after purchasing an additional 4,600 shares during the period. 93.77% of the stock is owned by institutional investors and hedge funds.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.35 annualized dividend and a dividend yield of 9.86%. Chico’s FAS’s dividend payout ratio (DPR) is 112.90%.
Chico’s FAS Company Profile
Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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