Chico’s FAS, Inc. (NYSE:CHS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Chico’s FAS, Inc. (NYSE:CHS) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $4.88.

Several analysts recently issued reports on CHS shares. Telsey Advisory Group restated a “market perform” rating and set a $4.00 target price (down from $5.00) on shares of Chico’s FAS in a research report on Wednesday, June 12th. B. Riley set a $2.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Friday, May 17th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research report on Wednesday, June 12th.

In other news, Director Kimberly Roy Tofalli purchased 14,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average cost of $3.62 per share, for a total transaction of $50,680.00. Following the completion of the transaction, the director now directly owns 21,238 shares in the company, valued at approximately $76,881.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders acquired 23,100 shares of company stock valued at $82,741. Company insiders own 1.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Legacy Capital Partners Inc. bought a new position in shares of Chico’s FAS in the second quarter worth approximately $34,000. Alpine Woods Capital Investors LLC bought a new position in shares of Chico’s FAS during the first quarter worth $59,000. World Asset Management Inc bought a new position in shares of Chico’s FAS during the first quarter worth $62,000. Zacks Investment Management bought a new position in shares of Chico’s FAS during the fourth quarter worth $83,000. Finally, CWM Advisors LLC boosted its position in shares of Chico’s FAS by 31.5% during the fourth quarter. CWM Advisors LLC now owns 16,661 shares of the specialty retailer’s stock worth $94,000 after acquiring an additional 3,987 shares during the last quarter. Institutional investors and hedge funds own 93.77% of the company’s stock.

Shares of CHS traded down $0.03 during mid-day trading on Friday, hitting $3.46. 34,607 shares of the company traded hands, compared to its average volume of 2,493,270. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.51 and a current ratio of 1.09. The business has a 50-day moving average price of $3.40. Chico’s FAS has a 1 year low of $2.97 and a 1 year high of $10.44. The company has a market cap of $411.61 million, a PE ratio of 11.23, a price-to-earnings-growth ratio of 30.35 and a beta of 0.28.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Chico’s FAS had a net margin of 0.41% and a return on equity of 3.34%. The firm had revenue of $517.70 million during the quarter, compared to analysts’ expectations of $517.61 million. During the same period in the previous year, the company earned $0.23 earnings per share. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. Equities analysts expect 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, September 30th. Shareholders of record on Monday, September 16th will be given a $0.0875 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 10.12%. Chico’s FAS’s payout ratio is currently 112.90%.

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.

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

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