Somewhat Positive Media Coverage Somewhat Unlikely to Impact Chico’s FAS (CHS) Share Price
Media stories about Chico’s FAS (NYSE:CHS) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chico’s FAS earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the specialty retailer an impact score of 45.0745161493278 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Chico’s FAS, Inc. (NYSE:CHS) Stock Closed -11.2% Below Its 50 Day Moving Average (highlightpress.com)
- Jefferies Group LLC Analysts Give Chico’s FAS, Inc. (CHS) a $11.00 Price Target (americanbankingnews.com)
- Pounding the Pavement on Shares of Chico`s FAS Inc (CHS) – Financial News Review (finnewsreview.com)
- Contrasting J.Jill (JILL) & Chico’s FAS (CHS) (americanbankingnews.com)
- Chico’s FAS, Inc. (NYSE:CHS) Traded -13.2% Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
Several brokerages have recently issued reports on CHS. Wolfe Research lowered Chico’s FAS from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 25th. UBS AG reiterated a “neutral” rating and issued a $10.00 price target (down previously from $16.00) on shares of Chico’s FAS in a research note on Thursday, May 25th. Telsey Advisory Group decreased their price target on Chico’s FAS from $15.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, May 25th. Jefferies Group LLC set a $11.00 price target on Chico’s FAS and gave the company a “hold” rating in a research note on Friday. Finally, Royal Bank Of Canada set a $16.00 price target on Chico’s FAS and gave the company a “buy” rating in a research note on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Chico’s FAS currently has a consensus rating of “Hold” and an average price target of $13.43.
Shares of Chico’s FAS (NYSE:CHS) traded down 0.64% on Friday, reaching $7.82. The company’s stock had a trading volume of 2,808,844 shares. Chico’s FAS has a 12 month low of $7.72 and a 12 month high of $16.85. The stock has a 50 day moving average of $8.81 and a 200-day moving average of $11.63. The firm has a market cap of $985.71 million, a price-to-earnings ratio of 10.91 and a beta of 0.66.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.03. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The company had revenue of $583.70 million for the quarter, compared to the consensus estimate of $624.75 million. During the same period last year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, analysts anticipate that Chico’s FAS will post $0.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.0825 per share. The ex-dividend date is Friday, September 8th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.22%. Chico’s FAS’s dividend payout ratio (DPR) is currently 46.48%.
In other news, Director Ross E. Roeder sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $9.75, for a total transaction of $97,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ross E. Roeder sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $9.50, for a total value of $47,500.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.
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About Chico’s FAS
Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.
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