Shares of Chico’s FAS, Inc. (NYSE:CHS) have been assigned a consensus rating of “Hold” from the eighteen research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $10.89.
CHS has been the topic of several research analyst reports. Bank of America cut shares of Chico’s FAS from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $8.50 to $7.00 in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. SunTrust Banks set a $10.00 price target on shares of Chico’s FAS and gave the stock a “buy” rating in a report on Friday, November 17th. B. Riley reaffirmed a “buy” rating and issued a $14.00 price target on shares of Chico’s FAS in a report on Wednesday, November 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Chico’s FAS in a report on Thursday, November 16th.
Institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Chico’s FAS during the third quarter worth about $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 worth $130,000 after buying an additional 6,356 shares during the period. Pinebridge Investments L.P. purchased a new stake in Chico’s FAS in the third quarter worth about $142,000. Fiera Capital Corp purchased a new stake in Chico’s FAS in the second quarter worth about $151,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Chico’s FAS in the third quarter worth about $145,000.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $532.30 million for the quarter, compared to the consensus estimate of $534.77 million. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. equities analysts forecast that Chico’s FAS will post 0.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Monday, December 4th were paid a dividend of $0.0825 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.76%. Chico’s FAS’s dividend payout ratio (DPR) is currently 49.25%.
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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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