BidaskClub downgraded shares of Chico’s FAS, Inc. (NYSE:CHS) from a sell rating to a strong sell rating in a research note released on Wednesday.
Other research analysts also recently issued reports about the company. Wolfe Research downgraded Chico’s FAS from an outperform rating to a market perform rating in a research note on Thursday, May 25th. Telsey Advisory Group dropped their price objective on Chico’s FAS from $15.00 to $12.00 and set a market perform rating on the stock in a research note on Thursday, May 25th. UBS AG reissued a neutral rating and issued a $10.00 price objective (down from $16.00) on shares of Chico’s FAS in a research note on Thursday, May 25th. Royal Bank Of Canada set a $16.00 price objective on Chico’s FAS and gave the company a buy rating in a research note on Tuesday, May 16th. Finally, Jefferies Group LLC reissued a hold rating and issued a $11.00 price objective on shares of Chico’s FAS in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $13.43.
Shares of Chico’s FAS (NYSE:CHS) opened at 8.92 on Wednesday. Chico’s FAS has a 52-week low of $8.44 and a 52-week high of $16.85. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 12.44 and a beta of 0.67. The stock’s 50 day moving average price is $9.10 and its 200-day moving average price is $12.35.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $583.70 million during the quarter, compared to analyst estimates of $624.75 million. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. On average, analysts forecast that Chico’s FAS will post $0.79 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.0825 per share. This represents a $0.33 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Friday, September 8th. Chico’s FAS’s dividend payout ratio (DPR) is 46.48%.
In other Chico’s FAS news, Director Ross E. Roeder sold 5,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $9.50, for a total transaction of $47,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ross E. Roeder sold 10,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $9.75, for a total value of $97,500.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in shares of Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 473 shares during the period. TrimTabs Asset Management LLC raised its position in shares of Chico’s FAS by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 8,670 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 4,080 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Chico’s FAS during the first quarter valued at $142,000. Accredited Investors Inc. purchased a new position in shares of Chico’s FAS during the first quarter valued at $142,000. Finally, Ronald Blue & Co. LLC purchased a new position in shares of Chico’s FAS during the first quarter valued at $147,000.
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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