Chico’s FAS (NYSE:CHS) Stock Price Down 7.8%

Chico’s FAS, Inc. (NYSE:CHS)’s share price dropped 7.8% during trading on Thursday . The company traded as low as $2.88 and last traded at $2.94, approximately 2,994,635 shares changed hands during mid-day trading. A decline of 8% from the average daily volume of 3,238,528 shares. The stock had previously closed at $3.19.

CHS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a report on Wednesday, June 12th. ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 target price (down from $5.00) on shares of Chico’s FAS in a report on Wednesday, June 12th. Finally, B. Riley set a $6.00 target price on shares of Chico’s FAS and gave the stock a “buy” rating in a report on Friday, May 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.06.

The firm has a market cap of $344.39 million, a price-to-earnings ratio of 9.42, a PEG ratio of 27.98 and a beta of 0.27. 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 firm has a 50 day moving average price of $3.31.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $517.70 million for the quarter, compared to analyst estimates of $517.61 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The company’s revenue was down 7.8% on a year-over-year basis. As a group, sell-side analysts forecast that Chico’s FAS, Inc. will post 0.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 11.99%. Chico’s FAS’s payout ratio is 112.90%.

In other Chico’s FAS news, Director Kimberly Roy Tofalli purchased 14,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $3.62 per share, for a total transaction of $50,680.00. Following the completion of the purchase, the director now owns 21,238 shares of the company’s stock, valued at $76,881.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought 23,100 shares of company stock worth $82,741 in the last 90 days. Insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Chico’s FAS in the fourth quarter valued at approximately $16,193,000. Robeco Institutional Asset Management B.V. boosted its position in Chico’s FAS by 0.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,595,320 shares of the specialty retailer’s stock valued at $8,747,000 after buying an additional 17,574 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Chico’s FAS by 21.4% in the first quarter. Parametric Portfolio Associates LLC now owns 1,976,703 shares of the specialty retailer’s stock valued at $8,441,000 after buying an additional 348,004 shares during the last quarter. Smith Graham & Co. Investment Advisors LP boosted its position in Chico’s FAS by 87.4% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 1,817,385 shares of the specialty retailer’s stock valued at $6,125,000 after buying an additional 847,605 shares during the last quarter. Finally, Biechele Royce Advisors boosted its position in Chico’s FAS by 0.5% in the first quarter. Biechele Royce Advisors now owns 1,250,881 shares of the specialty retailer’s stock valued at $5,341,000 after buying an additional 5,987 shares during the last quarter. Hedge funds and other institutional investors own 99.99% of the company’s stock.

Chico’s FAS Company Profile (NYSE:CHS)

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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