Chico’s FAS, Inc. (NYSE:CHS) – Stock analysts at B. Riley dropped their Q1 2020 earnings per share (EPS) estimates for Chico’s FAS in a research note issued on Thursday, March 7th. B. Riley analyst S. Anderson now anticipates that the specialty retailer will post earnings per share of $0.16 for the quarter, down from their prior forecast of $0.17. B. Riley currently has a “Buy” rating and a $7.00 price target on the stock. B. Riley also issued estimates for Chico’s FAS’s Q2 2020 earnings at $0.08 EPS, FY2020 earnings at $0.24 EPS and FY2021 earnings at $0.29 EPS.
Get Chico's FAS alerts:Chico’s FAS (NYSE:CHS) last announced its earnings results on Wednesday, March 6th. The specialty retailer reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. The business had revenue of $524.70 million during the quarter, compared to analysts’ expectations of $514.28 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business’s revenue was down 10.7% compared to the same quarter last year.
Several other brokerages have also recently issued reports on CHS. Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Monday, February 4th. Morgan Stanley lowered their price objective on Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, November 30th. ValuEngine lowered Chico’s FAS from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Nomura set a $6.00 price target on shares of Chico’s FAS and gave the company a “hold” rating in a research report on Tuesday, December 11th. Finally, Citigroup cut their price objective on Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $6.15.
Shares of Chico’s FAS stock opened at $4.99 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.09. The company has a market cap of $627.42 million, a price-to-earnings ratio of 10.88, a PEG ratio of 1.61 and a beta of 0.40. Chico’s FAS has a 12 month low of $4.42 and a 12 month high of $10.90.
Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in Chico’s FAS during the fourth quarter worth $16,193,000. CWM Advisors LLC raised its position in Chico’s FAS by 31.5% during the fourth quarter. CWM Advisors LLC now owns 16,661 shares of the specialty retailer’s stock worth $94,000 after acquiring an additional 3,987 shares in the last quarter. APG Asset Management N.V. bought a new stake in Chico’s FAS during the fourth quarter worth $527,000. Municipal Employees Retirement System of Michigan bought a new stake in Chico’s FAS during the fourth quarter worth $206,000. Finally, Metropolitan Life Insurance Co. NY raised its position in Chico’s FAS by 365.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 41,784 shares of the specialty retailer’s stock worth $235,000 after acquiring an additional 32,800 shares in the last quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 7.01%. This is an increase from Chico’s FAS’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, March 15th.
About Chico’s FAS
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.
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