Chico’s FAS (CHS) Shares Down 7.5%

Chico’s FAS, Inc. (NYSE:CHS) shares fell 7.5% during trading on Tuesday . The stock traded as low as $8.43 and last traded at $8.44. 3,321,350 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 3,335,083 shares. The stock had previously closed at $9.12.

Several research firms have recently commented on CHS. B. Riley reaffirmed a “buy” rating and issued a $14.00 price target on shares of Chico’s FAS in a report on Tuesday. ValuEngine lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. KeyCorp reaffirmed a “hold” rating on shares of Chico’s FAS in a report on Thursday, November 16th. SunTrust Banks set a $10.00 price target on shares of Chico’s FAS and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Two 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 has an average rating of “Hold” and a consensus price target of $10.91.

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 1.86. The company has a market capitalization of $1,080.00, a P/E ratio of 12.60, a PEG ratio of 0.91 and a beta of 0.73.

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, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $532.30 million during the quarter, compared to analyst estimates of $534.77 million. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. Chico’s FAS’s revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. equities research analysts predict that Chico’s FAS, Inc. will post 0.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were paid a dividend of $0.0825 per share. This represents a $0.33 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Friday, December 1st. Chico’s FAS’s payout ratio is 49.25%.

Institutional investors have recently bought and sold shares of the business. State Street Corp raised its position in shares of Chico’s FAS by 5.3% during the 2nd quarter. State Street Corp now owns 5,139,633 shares of the specialty retailer’s stock worth $48,417,000 after buying an additional 256,414 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Chico’s FAS by 32.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,062,265 shares of the specialty retailer’s stock worth $19,427,000 after buying an additional 506,483 shares in the last quarter. Comerica Bank raised its position in shares of Chico’s FAS by 35.4% during the 3rd quarter. Comerica Bank now owns 137,763 shares of the specialty retailer’s stock worth $1,087,000 after buying an additional 36,027 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Chico’s FAS by 1.3% during the 3rd quarter. Wells Fargo & Company MN now owns 2,016,352 shares of the specialty retailer’s stock worth $18,046,000 after buying an additional 25,054 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Chico’s FAS by 2.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 728,654 shares of the specialty retailer’s stock worth $6,864,000 after buying an additional 14,240 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This news story was published by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2018/01/10/chicos-fas-chs-shares-down-7-5.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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply