Chico’s FAS, Inc. (NYSE:CHS) Given Average Recommendation of “Hold” by Brokerages

Chico’s FAS, Inc. (NYSE:CHS) has been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.88.

A number of research analysts have commented on the company. Zacks Investment Research cut Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. B. Riley set a $6.00 price target on Chico’s FAS and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $4.00 price target (down from $5.00) on shares of Chico’s FAS in a research note on Wednesday, June 12th.

CHS traded down $0.17 during trading hours on Monday, reaching $3.20. The company’s stock had a trading volume of 125,035 shares, compared to its average volume of 2,990,287. Chico’s FAS has a fifty-two week low of $3.24 and a fifty-two week high of $10.44. The stock has a market cap of $380.95 million, a PE ratio of 10.26, a PEG ratio of 25.34 and a beta of 0.28. The business has a 50-day moving average of $3.63. The company has a current ratio of 1.09, a quick ratio of 0.51 and a debt-to-equity ratio of 1.25.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Tuesday, June 11th. The specialty retailer reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Chico’s FAS had a return on equity of 3.34% and a net margin of 0.41%. The firm had revenue of $517.70 million for the quarter, compared to analysts’ expectations of $517.61 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Chico’s FAS will post 0.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date of this dividend is Friday, June 14th. Chico’s FAS’s dividend payout ratio (DPR) is 112.90%.

In other news, Director Kimberly Roy Tofalli purchased 14,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were bought at an average cost of $3.62 per share, for a total transaction of $50,680.00. Following the completion of the purchase, the director now directly owns 21,238 shares of the company’s stock, valued at $76,881.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CHS. Oregon Public Employees Retirement Fund acquired a new stake in shares of Chico’s FAS in the fourth quarter valued at $48,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of Chico’s FAS in the first quarter valued at $59,000. World Asset Management Inc acquired a new stake in shares of Chico’s FAS in the first quarter valued at $62,000. Zacks Investment Management acquired a new stake in shares of Chico’s FAS in the fourth quarter valued at $83,000. Finally, CWM Advisors LLC raised its stake in shares of Chico’s FAS by 31.5% in the fourth quarter. CWM Advisors LLC now owns 16,661 shares of the specialty retailer’s stock valued at $94,000 after acquiring an additional 3,987 shares in the last quarter. Institutional investors and hedge funds own 93.77% of the company’s stock.

Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

See Also: Outstanding Shares

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

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