Chico’s FAS, Inc. (CHS) Issues Earnings Results
Chico’s FAS, Inc. (NYSE:CHS) released its quarterly earnings data on Tuesday. The specialty retailer reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13, Bloomberg Earnings reports. The company had revenue of $532.30 million for the quarter, compared to the consensus estimate of $534.77 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The company’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 earnings per share.
Shares of Chico’s FAS (CHS) opened at $7.89 on Wednesday. The company has a market cap of $1,044.47, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.15 and a beta of 0.69. Chico’s FAS has a 1 year low of $6.96 and a 1 year high of $16.85. The company has a current ratio of 1.78, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be given a dividend of $0.0825 per share. This represents a $0.33 annualized dividend and a dividend yield of 4.18%. Chico’s FAS’s payout ratio is 45.83%.
Several research analysts have recently commented on CHS shares. Bank of America Corporation downgraded Chico’s FAS from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $8.50 to $7.00 in a report on Wednesday, October 11th. Telsey Advisory Group boosted their target price on Chico’s FAS from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Thursday, August 31st. KeyCorp reissued a “hold” rating on shares of Chico’s FAS in a report on Friday, September 1st. FBR & Co reissued a “buy” rating and issued a $14.00 target price (down from $16.00) on shares of Chico’s FAS in a report on Thursday, August 31st. Finally, Zacks Investment Research raised Chico’s FAS from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.
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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