Equities research analysts expect Chico’s FAS, Inc. (NYSE:CHS) to report $515.84 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Chico’s FAS’s earnings. The lowest sales estimate is $514.30 million and the highest is $518.22 million. Chico’s FAS reported sales of $561.82 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.2%. The firm is expected to issue its next earnings results before the market opens on Tuesday, June 11th.

According to Zacks, analysts expect that Chico’s FAS will report full-year sales of $2.06 billion for the current fiscal year, with estimates ranging from $2.03 billion to $2.07 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.01 billion, with estimates ranging from $1.95 billion to $2.08 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Chico’s FAS.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Wednesday, March 6th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.02. Chico’s FAS had a net margin of 1.67% and a return on equity of 6.89%. The firm had revenue of $524.70 million during the quarter, compared to the consensus estimate of $514.28 million. During the same period last year, the firm posted $0.11 EPS. The firm’s quarterly revenue was down 10.7% on a year-over-year basis.

CHS has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Monday, March 18th. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Finally, B. Riley set a $6.00 price target on shares of Chico’s FAS and gave the company a “buy” rating in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.05.

Several hedge funds and other institutional investors have recently made changes to their positions in CHS. Quantamental Technologies LLC bought a new position in shares of Chico’s FAS in the fourth quarter worth about $28,000. SEI Investments Co raised its stake in shares of Chico’s FAS by 143.9% in the first quarter. SEI Investments Co now owns 9,020 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 5,322 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Chico’s FAS in the fourth quarter worth about $48,000. Alpine Woods Capital Investors LLC bought a new position in shares of Chico’s FAS in the first quarter worth about $59,000. Finally, Eads & Heald Wealth Management bought a new position in shares of Chico’s FAS in the fourth quarter worth about $62,000. 99.55% of the stock is owned by institutional investors.

CHS stock traded up $0.01 during trading on Friday, hitting $3.55. 1,770,528 shares of the stock traded hands, compared to its average volume of 3,776,184. Chico’s FAS has a one year low of $3.30 and a one year high of $10.44. The company has a market capitalization of $417.19 million, a P/E ratio of 11.45, a P/E/G ratio of 6.12 and a beta of 0.28. The company has a quick ratio of 0.91, a current ratio of 1.76 and a debt-to-equity ratio of 0.10.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 9.86%. The ex-dividend date is Friday, June 14th. Chico’s FAS’s dividend payout ratio is presently 112.90%.

About Chico’s FAS

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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Earnings History and Estimates for Chico`s FAS (NYSE:CHS)

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