Wall Street brokerages forecast that Chico's FAS, Inc. (NYSE:CHS) will post sales of $556.76 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Chico's FAS’s earnings. The lowest sales estimate is $548.80 million and the highest is $571.60 million. Chico's FAS reported sales of $583.73 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 23rd.
On average, analysts expect that Chico's FAS will report full year sales of $556.76 million for the current financial year, with estimates ranging from $2.16 billion to $2.26 billion. For the next financial year, analysts expect that the company will post sales of $2.20 billion per share, with estimates ranging from $2.08 billion to $2.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Chico's FAS.
Chico's FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Chico's FAS had a net margin of 4.43% and a return on equity of 13.79%. The company had revenue of $587.78 million for the quarter, compared to the consensus estimate of $579.75 million. During the same period in the previous year, the firm earned $0.10 EPS. Chico's FAS’s revenue was down 2.2% on a year-over-year basis.
CHS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Chico's FAS from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Friday, January 19th. SunTrust Banks restated a “buy” rating and set a $13.00 price target on shares of Chico's FAS in a research report on Friday, February 2nd. B. Riley restated a “buy” rating and set a $14.00 price target on shares of Chico's FAS in a research report on Wednesday, November 22nd. Royal Bank of Canada restated a “buy” rating and set a $11.00 price target on shares of Chico's FAS in a research report on Thursday, March 1st. Finally, Morgan Stanley restated an “equal weight” rating and set a $12.00 price target (up from $11.00) on shares of Chico's FAS in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.92.
Shares of Chico's FAS (NYSE:CHS) opened at $8.66 on Friday. Chico's FAS has a 52-week low of $6.96 and a 52-week high of $14.60. The company has a market cap of $1,106.79, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.98 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.05 and a current ratio of 1.93.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be issued a $0.085 dividend. This is an increase from Chico's FAS’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Friday, March 16th. Chico's FAS’s payout ratio is presently 41.77%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC bought a new stake in shares of Chico's FAS in the 4th quarter worth approximately $124,000. Xact Kapitalforvaltning AB bought a new stake in shares of Chico's FAS in the 4th quarter worth approximately $167,000. Segall Bryant & Hamill LLC raised its holdings in shares of Chico's FAS by 88.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 573,996 shares of the specialty retailer’s stock worth $5,063,000 after purchasing an additional 269,168 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Chico's FAS in the 4th quarter worth approximately $535,000. Finally, Gotham Asset Management LLC raised its holdings in shares of Chico's FAS by 35.7% in the 4th quarter. Gotham Asset Management LLC now owns 775,125 shares of the specialty retailer’s stock worth $6,837,000 after purchasing an additional 204,120 shares in the last quarter. Institutional investors and hedge funds own 96.85% of the company’s stock.
Chico's FAS Company Profile
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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