Q3 2018 Earnings Estimate for Chico’s FAS, Inc. Issued By KeyCorp (CHS)
Chico’s FAS, Inc. (NYSE:CHS) – Research analysts at KeyCorp lowered their Q3 2018 EPS estimates for shares of Chico’s FAS in a report released on Wednesday. KeyCorp analyst E. Yruma now expects that the specialty retailer will post earnings per share of $0.13 for the quarter, down from their prior forecast of $0.19. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Chico’s FAS’s Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.64 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.07 EPS and FY2019 earnings at $0.69 EPS.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.03. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The business had revenue of $578.60 million for the quarter, compared to the consensus estimate of $578.58 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. Chico’s FAS’s quarterly revenue was down 9.0% compared to the same quarter last year.
A number of other equities research analysts have also weighed in on CHS. UBS AG reissued a “neutral” rating and issued a $10.00 target price (down previously from $16.00) on shares of Chico’s FAS in a research note on Thursday, May 25th. Citigroup Inc. restated a “buy” rating and set a $10.00 price target (down previously from $13.00) on shares of Chico’s FAS in a report on Friday, September 1st. FBR & Co reiterated a “buy” rating and set a $14.00 target price (down previously from $16.00) on shares of Chico’s FAS in a report on Thursday, August 31st. Royal Bank Of Canada restated a “buy” rating and issued a $12.00 price target on shares of Chico’s FAS in a research note on Thursday, August 17th. Finally, TheStreet downgraded Chico’s FAS from a “b-” rating to a “c+” rating in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.54.
Shares of Chico’s FAS (NYSE:CHS) traded up 1.75% during trading on Monday, reaching $8.15. The company’s stock had a trading volume of 365,287 shares. Chico’s FAS has a 12-month low of $6.96 and a 12-month high of $16.85. The stock has a market cap of $1.03 billion, a P/E ratio of 11.37 and a beta of 0.63. The stock’s 50-day moving average is $8.44 and its 200-day moving average is $11.11.
Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in shares of Chico’s FAS by 6.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 473 shares in the last quarter. TrimTabs Asset Management LLC grew its position in shares of Chico’s FAS by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 8,670 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 4,080 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Chico’s FAS during the first quarter valued at about $142,000. Accredited Investors Inc. purchased a new position in shares of Chico’s FAS during the first quarter valued at about $142,000. Finally, Ronald Blue & Co. LLC purchased a new position in shares of Chico’s FAS during the first quarter valued at about $147,000.
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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be given 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 4.12%. Chico’s FAS’s payout ratio is 45.83%.
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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