Chico’s FAS (CHS) Shares Up 5.3%

Shares of Chico’s FAS, Inc. (NYSE:CHS) shot up 5.3% on Thursday . The stock traded as high as $9.29 and last traded at $9.26. 2,959,067 shares changed hands during trading, a decline of 6% from the average session volume of 3,159,821 shares. The stock had previously closed at $8.79.

Several brokerages have weighed in on CHS. B. Riley reaffirmed a “buy” rating and set a $14.00 price objective on shares of Chico’s FAS in a research note on Tuesday. FBR & Co reiterated a “buy” rating and set a $14.00 target price on shares of Chico’s FAS in a research report on Monday, October 2nd. ValuEngine lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group reiterated a “hold” rating and set a $8.00 target price (up from $7.00) on shares of Chico’s FAS in a research report on Thursday, September 28th. Finally, Bank of America lowered shares of Chico’s FAS from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $8.50 to $7.00 in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Chico’s FAS currently has a consensus rating of “Hold” and a consensus price target of $10.91.

The company has a market capitalization of $1,260.00, a PE ratio of 14.73, a PEG ratio of 1.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 0.88.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The business had revenue of $532.30 million for the quarter, compared to analyst estimates of $534.77 million. During the same period in the prior year, the business posted $0.20 earnings per share. Chico’s FAS’s revenue was down 10.8% compared to the same quarter last year. analysts expect that Chico’s FAS, Inc. will post 0.66 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were issued a $0.0825 dividend. The ex-dividend date was Friday, December 1st. This represents a $0.33 annualized dividend and a yield of 3.34%. Chico’s FAS’s dividend payout ratio is currently 49.25%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Chico’s FAS in the third quarter valued at approximately $108,000. Flinton Capital Management LLC lifted its holdings in Chico’s FAS by 85.7% in the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock valued at $130,000 after buying an additional 6,356 shares during the period. Koch Industries Inc. acquired a new position in Chico’s FAS in the second quarter valued at approximately $142,000. Pinebridge Investments L.P. acquired a new position in Chico’s FAS in the third quarter valued at approximately $142,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Chico’s FAS in the third quarter valued at approximately $145,000.

COPYRIGHT VIOLATION WARNING: “Chico’s FAS (CHS) Shares Up 5.3%” was first reported by BBNS and is owned by of BBNS. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://baseballnewssource.com/markets/chicos-fas-chs-shares-up-5-3/1828106.html.

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.

Receive News & Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related companies with our FREE daily email newsletter.

 


Latest News

Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
Trade Rumor: Manny Machado Could Land With Yankees
Trade Rumor: Manny Machado Could Land With Yankees
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Rumor: Braves Show Interest in Reamluto, Yelich
Rumor: Braves Show Interest in Reamluto, Yelich


Leave a Reply

 
© 2006-2018 BBNS.