Chico’s FAS, Inc. (CHS) Announces Quarterly Earnings Results, Hits Expectations
Chico’s FAS, Inc. (NYSE:CHS) released its quarterly earnings data on Tuesday. The specialty retailer reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13, Bloomberg Earnings reports. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The company had revenue of $532.30 million during the quarter, compared to the consensus estimate of $534.77 million. During the same period last year, the company earned $0.20 EPS. Chico’s FAS’s revenue for the quarter was down 10.8% on a year-over-year basis.
Shares of Chico’s FAS (NYSE CHS) opened at $8.36 on Thursday. The stock has a market capitalization of $1,012.40, a P/E ratio of 11.78, a P/E/G ratio of 1.12 and a beta of 0.69. Chico’s FAS has a 12 month low of $6.96 and a 12 month high of $16.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.89 and a current ratio of 1.86.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be paid a dividend of $0.0825 per share. This represents a $0.33 annualized dividend and a yield of 3.95%. The ex-dividend date is Friday, December 1st. Chico’s FAS’s dividend payout ratio (DPR) is presently 49.25%.
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Several equities research analysts recently commented on CHS shares. BidaskClub upgraded Chico’s FAS from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $12.00 price objective on shares of Chico’s FAS in a report on Thursday, August 17th. Jefferies Group LLC set a $11.00 price objective on Chico’s FAS and gave the stock a “hold” rating in a report on Friday, August 18th. Zacks Investment Research downgraded Chico’s FAS from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, FBR & Co reiterated a “buy” rating and issued a $14.00 price objective (down from $16.00) on shares of Chico’s FAS in a report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.25.
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.
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