Several other equities research analysts have also issued reports on the stock. Nomura lowered shares of Chico’s FAS from a buy rating to a neutral rating and set a $13.00 target price for the company. in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Wolfe Research upgraded shares of Chico’s FAS from a peer perform rating to an outperform rating and set a $16.00 target price for the company in a research report on Monday, November 14th. Citigroup Inc. upgraded shares of Chico’s FAS from a neutral rating to a buy rating and lifted their target price for the company from $13.00 to $16.00 in a research report on Monday, November 14th. Zacks Investment Research lowered shares of Chico’s FAS from a buy rating to a hold rating in a research report on Tuesday, November 1st. Finally, MKM Partners reiterated a neutral rating and set a $12.00 target price on shares of Chico’s FAS in a research report on Wednesday, October 12th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Chico’s FAS presently has a consensus rating of Buy and an average target price of $14.50.
Chico’s FAS (NYSE:CHS) opened at 15.53 on Tuesday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 98.92 and a beta of 0.73. The company’s 50-day moving average is $12.76 and its 200 day moving average is $11.85. Chico’s FAS has a 52 week low of $9.61 and a 52 week high of $16.07.
Chico’s FAS (NYSE:CHS) last announced its earnings results on Tuesday, November 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07. Chico’s FAS had a net margin of 2.24% and a return on equity of 16.24%. The business earned $596.90 million during the quarter, compared to analyst estimates of $610.83 million. During the same period in the previous year, the business posted $0.13 earnings per share. Chico’s FAS’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts forecast that Chico’s FAS will post $0.75 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, December 1st. Chico’s FAS’s dividend payout ratio is presently 76.19%.
Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Chico’s FAS by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 6,731,576 shares of the company’s stock worth $80,106,000 after buying an additional 1,837,430 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Chico’s FAS during the second quarter worth $16,978,000. Peregrine Capital Management LLC acquired a new stake in Chico’s FAS during the third quarter worth $14,307,000. Dimensional Fund Advisors LP increased its stake in Chico’s FAS by 25.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,038,059 shares of the company’s stock worth $53,957,000 after buying an additional 1,029,247 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Chico’s FAS by 3,975.6% in the third quarter. Gotham Asset Management LLC now owns 543,364 shares of the company’s stock worth $6,466,000 after buying an additional 530,032 shares in the last quarter. 91.80% of the stock is currently owned by hedge funds and other institutional investors.
About Chico’s FAS
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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