Chico’s FAS, Inc. (NYSE:CHS) declared a quarterly dividend on Friday, June 28th, RTT News reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.0875 per share by the specialty retailer on Monday, September 30th. This represents a $0.35 annualized dividend and a yield of 8.75%. The ex-dividend date is Friday, September 13th.
Chico’s FAS has raised its dividend by an average of 3.1% per year over the last three years and has increased its dividend every year for the last 9 years. Chico’s FAS has a dividend payout ratio of 55.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Chico’s FAS to earn ($0.08) per share next year, which means the company may not be able to cover its $0.35 annual dividend with an expected future payout ratio of -437.5%.
NYSE CHS opened at $4.00 on Wednesday. The company has a market cap of $447.92 million, a price-to-earnings ratio of 12.90 and a beta of 0.26. Chico’s FAS has a twelve month low of $2.33 and a twelve month high of $8.90. The company has a quick ratio of 0.52, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. The business’s fifty day moving average is $3.14 and its 200 day moving average is $3.75.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Chico’s FAS had a positive return on equity of 0.58% and a negative net margin of 0.51%. The firm had revenue of $517.70 million during the quarter, compared to the consensus estimate of $517.61 million. During the same period last year, the company earned $0.23 earnings per share. The business’s quarterly revenue was down 7.8% on a year-over-year basis. On average, research analysts anticipate that Chico’s FAS will post -0.15 earnings per share for the current fiscal year.
In other news, Director Kimberly Roy Tofalli acquired 14,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $3.62 per share, for a total transaction of $50,680.00. Following the completion of the transaction, the director now directly owns 21,238 shares in the company, valued at approximately $76,881.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 23,100 shares of company stock worth $82,741. Insiders own 1.80% of the company’s stock.
CHS has been the subject of several recent research reports. TheStreet downgraded Chico’s FAS from a “c” rating to a “d+” rating in a research note on Wednesday, August 28th. Telsey Advisory Group cut their target price on shares of Chico’s FAS from $4.00 to $3.00 and set a “market perform” rating on the stock in a research report on Thursday, August 29th. Zacks Investment Research lowered shares of Chico’s FAS from a “hold” rating to a “strong sell” rating in a report on Thursday, August 29th. B. Riley set a $6.00 price target on shares of Chico’s FAS and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Morgan Stanley dropped their price target on shares of Chico’s FAS from $4.00 to $3.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.67.
Chico’s FAS Company Profile
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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