Chico’s FAS Inc. (CHS) Trading Down 3.1%
Chico’s FAS Inc. (NYSE:CHS)’s share price was down 3.1% during trading on Tuesday . The company traded as low as $11.43 and last traded at $11.46, with a volume of 2,145,068 shares traded. The stock had previously closed at $11.83.
A number of equities analysts recently commented on CHS shares. Zacks Investment Research cut Chico’s FAS from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Wolfe Research upgraded Chico’s FAS from an “underperform” rating to a “peer perform” rating in a report on Wednesday, May 25th. MKM Partners reduced their price target on Chico’s FAS from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, May 26th. FBR & Co reduced their price target on Chico’s FAS from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Friday, May 27th. Finally, Mizuho reduced their price target on Chico’s FAS from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 27th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Chico’s FAS presently has an average rating of “Hold” and an average price target of $13.28.
The stock’s market capitalization is $1.64 billion. The company’s 50-day moving average is $11.68 and its 200 day moving average is $11.79.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The firm earned $635.70 million during the quarter, compared to analysts’ expectations of $632.49 million. During the same quarter last year, the business posted $0.26 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis. Analysts anticipate that Chico’s FAS Inc. will post $0.64 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Monday, September 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 8th.
An institutional investor recently raised its position in Chico’s FAS stock. Wells Fargo & Company MN increased its position in shares of Chico’s FAS Inc. (NYSE:CHS) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 954,871 shares of the company’s stock after buying an additional 138,281 shares during the period. Wells Fargo & Company MN owned approximately 0.70% of Chico’s FAS worth $10,189,000 at the end of the most recent quarter.
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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