Equities research analysts forecast that Chico's FAS, Inc. (NYSE:CHS) will post $556.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided 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 posted sales of $583.73 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.6%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 23rd.
According to Zacks, 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 fiscal year, analysts forecast 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 a mean average based on a survey of analysts that cover 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, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $587.78 million for the quarter, compared to the consensus estimate of $579.75 million. During the same period in the prior year, the company posted $0.10 earnings per share. Chico's FAS’s revenue was down 2.2% compared to the same quarter last year.
Several research firms recently commented on CHS. Zacks Investment Research downgraded shares of Chico's FAS from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $12.00 price objective (up previously from $11.00) on shares of Chico's FAS in a research report on Thursday, March 1st. SunTrust Banks set a $14.00 target price on shares of Chico's FAS and gave the stock a “buy” rating in a report on Wednesday, February 28th. Royal Bank of Canada reissued a “buy” rating and issued a $11.00 target price on shares of Chico's FAS in a report on Thursday, March 1st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Chico's FAS in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.92.
Chico's FAS (CHS) traded up $0.10 during mid-day trading on Friday, hitting $8.87. 4,104,314 shares of the company traded hands, compared to its average volume of 3,088,620. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.93 and a quick ratio of 1.05. Chico's FAS has a fifty-two week low of $6.96 and a fifty-two week high of $14.60. The firm has a market capitalization of $1,100.00, a P/E ratio of 12.53, a PEG ratio of 0.99 and a beta of 0.73.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, March 16th. This is an increase from Chico's FAS’s previous quarterly dividend of $0.08. Chico's FAS’s dividend payout ratio (DPR) is 46.48%.
A number of large investors have recently added to or reduced their stakes in CHS. Millennium Management LLC lifted its position in Chico's FAS by 161.2% in the fourth quarter. Millennium Management LLC now owns 3,378,419 shares of the specialty retailer’s stock valued at $29,798,000 after purchasing an additional 2,084,803 shares during the last quarter. Schroder Investment Management Group grew its stake in Chico's FAS by 390.6% in the fourth quarter. Schroder Investment Management Group now owns 1,414,800 shares of the specialty retailer’s stock worth $12,479,000 after purchasing an additional 1,126,400 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of Chico's FAS in the fourth quarter worth $7,704,000. SG Capital Management LLC purchased a new stake in shares of Chico's FAS in the fourth quarter worth $6,437,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Chico's FAS in the fourth quarter worth $5,140,000. Institutional investors own 99.42% of the company’s stock.
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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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