Analysts forecast that Chico’s FAS, Inc. (NYSE:CHS) will announce $521.09 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Chico’s FAS’s earnings, with the lowest sales estimate coming in at $519.97 million and the highest estimate coming in at $523.30 million. Chico’s FAS posted sales of $587.78 million in the same quarter last year, which suggests a negative year over year growth rate of 11.3%. The firm is scheduled to announce its next earnings results before the market opens on Wednesday, March 6th.
According to Zacks, analysts expect that Chico’s FAS will report full year sales of $2.13 billion for the current fiscal year. For the next financial year, analysts expect that the business will report sales of $2.03 billion, with estimates ranging from $2.02 billion to $2.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Chico’s FAS.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Chico’s FAS had a net margin of 3.66% and a return on equity of 10.14%. The business had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $515.63 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue was down 6.1% on a year-over-year basis.
Several analysts recently issued reports on CHS shares. Zacks Investment Research raised shares of Chico’s FAS from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Tuesday, October 30th. ValuEngine cut shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Royal Bank of Canada cut shares of Chico’s FAS from an “outperform” rating to a “sector perform” rating and set a $4.50 price objective for the company. in a research note on Wednesday, November 28th. MKM Partners decreased their target price on shares of Chico’s FAS from $8.00 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 29th. Finally, Bank of America decreased their target price on shares of Chico’s FAS from $6.50 to $4.00 and set an “underperform” rating on the stock in a report on Thursday, November 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.50.
A number of large investors have recently bought and sold shares of the business. Texas Permanent School Fund boosted its holdings in 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 purchasing an additional 3,190 shares during the last quarter. CWM Advisors LLC boosted its holdings in Chico’s FAS by 31.5% in the 4th quarter. CWM Advisors LLC now owns 16,661 shares of the specialty retailer’s stock valued at $94,000 after purchasing an additional 3,987 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Chico’s FAS by 1.2% in the 4th quarter. New York State Teachers Retirement System now owns 358,403 shares of the specialty retailer’s stock valued at $2,014,000 after purchasing an additional 4,200 shares during the last quarter. BB&T Securities LLC lifted its holdings in shares of Chico’s FAS by 36.8% in the 4th quarter. BB&T Securities LLC now owns 17,100 shares of the specialty retailer’s stock worth $96,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of Chico’s FAS in the 4th quarter worth approximately $28,000.
NYSE CHS traded down $0.13 during trading hours on Friday, hitting $5.68. 2,361,440 shares of the company’s stock traded hands, compared to its average volume of 2,916,112. Chico’s FAS has a 52-week low of $4.42 and a 52-week high of $10.90. The stock has a market cap of $714.17 million, a PE ratio of 8.35, a P/E/G ratio of 1.47 and a beta of 0.40. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09.
Chico’s FAS Company Profile
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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