Chico’s FAS, Inc. (NYSE:CHS) declared a quarterly dividend on Tuesday, November 21st, RTT News reports. Shareholders of record on Monday, December 4th will be given a dividend of 0.0825 per share by the specialty retailer on Monday, December 18th. This represents a $0.33 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, December 1st.
Chico’s FAS has increased its dividend payment by an average of 10.1% annually over the last three years and has raised its dividend every year for the last 7 years. Chico’s FAS has a payout ratio of 51.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Chico’s FAS to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 47.8%.
Chico’s FAS (NYSE:CHS) traded down $0.15 during midday trading on Thursday, hitting $8.83. 2,414,918 shares of the stock were exchanged, compared to its average volume of 2,962,315. Chico’s FAS has a one year low of $6.96 and a one year high of $16.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 1.86. The firm has a market cap of $1,147.69, a P/E ratio of 13.40, a P/E/G ratio of 0.93 and a beta of 0.73.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The firm had revenue of $532.30 million during the quarter, compared to the consensus estimate of $534.77 million. During the same quarter in the prior year, the company earned $0.20 EPS. The company’s revenue was down 10.8% on a year-over-year basis. analysts expect that Chico’s FAS will post 0.64 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of Chico’s FAS in a research note on Wednesday, November 1st. Jefferies Group set a $11.00 price target on Chico’s FAS and gave the company a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $12.00 target price on shares of Chico’s FAS in a report on Thursday, August 17th. KeyCorp reaffirmed a “hold” rating on shares of Chico’s FAS in a report on Friday, September 1st. Finally, ValuEngine lowered Chico’s FAS from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.91.
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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