Chico’s (NYSE:CHS) Announces Dividend Increase – $0.09 Per Share

Chico’s (NYSE:CHS) announced a quarterly dividend on Wednesday, February 21st, RTT News reports. Stockholders of record on Monday, March 19th will be paid a dividend of 0.085 per share by the specialty retailer on Monday, April 2nd. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, March 16th. This is a boost from Chico’s’s previous quarterly dividend of $0.08.

Chico’s has increased its dividend payment by an average of 3.2% per year over the last three years and has increased its dividend every year for the last 8 years. Chico’s has a payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Chico’s to earn $0.95 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 34.7%.

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Shares of NYSE:CHS traded up $0.06 on Friday, reaching $9.92. 3,533,386 shares of the company traded hands, compared to its average volume of 2,965,182. Chico’s has a fifty-two week low of $6.96 and a fifty-two week high of $14.43. The company has a market capitalization of $1,193.69, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.05 and a current ratio of 1.93.

Chico’s (NYSE:CHS) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Chico’s had a return on equity of 13.79% and a net margin of 4.43%. The company had revenue of $587.78 million during the quarter, compared to the consensus estimate of $579.75 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. research analysts forecast that Chico’s will post 0.88 EPS for the current fiscal year.

CHS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Chico’s from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Friday, January 19th. B. Riley restated a “buy” rating and issued a $14.00 target price on shares of Chico’s in a report on Tuesday, January 9th. SunTrust Banks restated a “buy” rating and issued a $13.00 target price on shares of Chico’s in a report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and issued a $11.00 target price on shares of Chico’s in a report on Thursday, March 1st. Finally, Morgan Stanley restated an “equal weight” rating and issued a $12.00 target price (up previously from $11.00) on shares of Chico’s in a report on Thursday, March 1st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.92.

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About Chico’s

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

Dividend History for Chico`s (NYSE:CHS)

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