Chico’s FAS, Inc. (NYSE:CHS)’s stock price fell 7.7% on Wednesday . The stock traded as low as $2.95 and last traded at $2.98, 1,968,456 shares changed hands during trading. A decline of 38% from the average session volume of 3,154,188 shares. The stock had previously closed at $3.23.
Several research firms have recently weighed in on CHS. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price objective (down previously from $5.00) on shares of Chico’s FAS in a report on Wednesday, June 12th. ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. B. Riley set a $6.00 target price on Chico’s FAS and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Zacks Investment Research upgraded Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.06.
The stock has a market cap of $380.96 million, a PE ratio of 9.61, a P/E/G ratio of 27.02 and a beta of 0.27. The stock’s 50 day moving average is $3.25. The company has a current ratio of 1.09, a quick ratio of 0.51 and a debt-to-equity ratio of 1.25.
Chico’s FAS (NYSE:CHS) last released its earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The firm had revenue of $517.70 million for the quarter, compared to analysts’ expectations of $517.61 million. Chico’s FAS had a return on equity of 3.34% and a net margin of 0.41%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. As a group, research analysts forecast that Chico’s FAS, Inc. will post 0.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 11.74%. The ex-dividend date of this dividend is Friday, September 13th. Chico’s FAS’s dividend payout ratio (DPR) is 112.90%.
In related news, Director Kimberly Roy Tofalli purchased 14,000 shares of the stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of $3.62 per share, with a total value of $50,680.00. Following the transaction, the director now directly owns 21,238 shares of the company’s stock, valued at $76,881.56. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have acquired a total of 23,100 shares of company stock worth $82,741 in the last ninety days. Insiders own 1.80% of the company’s stock.
Large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in shares of Chico’s FAS by 121.0% during the 4th quarter. Bank of America Corp DE now owns 1,120,737 shares of the specialty retailer’s stock valued at $6,298,000 after buying an additional 613,725 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in shares of Chico’s FAS during the 4th quarter valued at $206,000. Norges Bank bought a new position in shares of Chico’s FAS during the 4th quarter valued at $16,193,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Chico’s FAS during the 1st quarter valued at $234,000. Finally, Biechele Royce Advisors lifted its holdings in shares of Chico’s FAS by 0.5% during the 1st quarter. Biechele Royce Advisors now owns 1,250,881 shares of the specialty retailer’s stock valued at $5,341,000 after buying an additional 5,987 shares during the period. 93.77% of the stock is currently owned by hedge funds and other institutional investors.
Chico’s FAS Company Profile (NYSE:CHS)
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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