B. Riley Reaffirms “Buy” Rating for Chico’s FAS (CHS)

B. Riley restated their buy rating on shares of Chico’s FAS (NYSE:CHS) in a research note issued to investors on Tuesday morning. They currently have a $14.00 target price on the specialty retailer’s stock. B. Riley also issued estimates for Chico’s FAS’s Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.16 EPS and Q4 2019 earnings at $0.12 EPS.

CHS has been the topic of a number of other research reports. Zacks Investment Research upgraded Chico’s FAS from a sell rating to a hold rating in a research note on Tuesday, October 31st. Jefferies Group restated a hold rating and issued a $8.00 target price (up previously from $7.00) on shares of Chico’s FAS in a research note on Thursday, September 28th. FBR & Co restated a buy rating and issued a $14.00 target price on shares of Chico’s FAS in a research note on Monday, October 2nd. KeyCorp restated a hold rating on shares of Chico’s FAS in a research note on Thursday, November 16th. Finally, SunTrust Banks set a $10.00 target price on Chico’s FAS and gave the stock a buy rating in a research note on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Chico’s FAS has an average rating of Hold and a consensus price target of $10.91.

Shares of Chico’s FAS (CHS) traded up $0.61 during midday trading on Tuesday, hitting $9.87. The stock had a trading volume of 4,912,006 shares, compared to its average volume of 3,354,500. Chico’s FAS has a 12-month low of $6.96 and a 12-month high of $15.50. The stock has a market cap of $1,180.00, a P/E ratio of 14.73, a PEG ratio of 0.91 and a beta of 0.73. 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 (NYSE:CHS) last announced its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The firm had revenue of $532.30 million for the quarter, compared to the consensus estimate of $534.77 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s revenue was down 10.8% compared to the same quarter last year. research analysts expect that Chico’s FAS will post 0.64 earnings per share for the current fiscal year.

The business 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 dividend on an annualized basis and a dividend yield of 3.34%. Chico’s FAS’s dividend payout ratio (DPR) is presently 49.25%.

Several large investors have recently bought and sold shares of CHS. Russell Investments Group Ltd. raised its holdings in shares of Chico’s FAS by 108.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 65,393 shares of the specialty retailer’s stock worth $616,000 after purchasing an additional 34,024 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Chico’s FAS by 2.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 728,654 shares of the specialty retailer’s stock worth $6,864,000 after purchasing an additional 14,240 shares during the period. First Trust Advisors LP raised its holdings in shares of Chico’s FAS by 31.1% in the 2nd quarter. First Trust Advisors LP now owns 179,019 shares of the specialty retailer’s stock worth $1,686,000 after purchasing an additional 42,484 shares during the period. Rhumbline Advisers raised its holdings in shares of Chico’s FAS by 3.2% in the 2nd quarter. Rhumbline Advisers now owns 272,812 shares of the specialty retailer’s stock worth $2,570,000 after purchasing an additional 8,464 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Chico’s FAS by 8.2% in the 2nd quarter. Legal & General Group Plc now owns 184,707 shares of the specialty retailer’s stock worth $1,739,000 after purchasing an additional 14,072 shares during the period.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/01/13/b-riley-reaffirms-buy-rating-for-chicos-fas-chs.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.

Analyst Recommendations for Chico`s FAS (NYSE:CHS)

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