Chico’s FAS, Inc. (NYSE:CHS) – Equities research analysts at SunTrust Banks increased their FY2018 earnings per share estimates for shares of Chico’s FAS in a report released on Tuesday. SunTrust Banks analyst P. Quintiliano now anticipates that the specialty retailer will earn $0.66 per share for the year, up from their prior estimate of $0.60. SunTrust Banks has a “Buy” rating and a $10.00 price target on the stock.
Chico’s FAS (NYSE:CHS) last released its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $534.77 million. During the same period last year, the company earned $0.20 earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis.
Chico’s FAS (NYSE:CHS) traded up $0.61 on Thursday, hitting $9.87. 4,910,000 shares of the company traded hands, compared to its average volume of 2,820,000. 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 has a twelve month low of $6.96 and a twelve month high of $15.50. The firm 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.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in Chico’s FAS in the third quarter valued at approximately $108,000. Flinton Capital Management LLC raised 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. purchased a new position in Chico’s FAS in the second quarter valued at approximately $142,000. Pinebridge Investments L.P. purchased a new position in Chico’s FAS in the third quarter valued at approximately $142,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Chico’s FAS in the third quarter valued at approximately $145,000.
The firm also recently declared 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 payout ratio is 49.25%.
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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.
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