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

Shares of Chico’s FAS, Inc. (NYSE:CHS) have earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.00.

CHS has been the topic of several analyst reports. B. Riley set a $7.00 price target on shares of Chico’s FAS and gave the company a “buy” rating in a report on Thursday, November 29th. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Zacks Investment Research raised shares of Chico’s FAS from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Tuesday, October 30th. Morgan Stanley lowered their target price on shares of Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Citigroup lowered their target price on shares of Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, November 29th.

NYSE:CHS traded down $0.09 during trading hours on Thursday, hitting $5.77. 2,628,914 shares of the stock traded hands, compared to its average volume of 4,852,506. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.01 and a quick ratio of 1.05. Chico’s FAS has a 1 year low of $4.42 and a 1 year high of $10.90. The company has a market capitalization of $678.97 million, a P/E ratio of 8.49, a P/E/G ratio of 1.23 and a beta of 0.69.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Chico’s FAS had a net margin of 3.66% and a return on equity of 10.14%. The firm had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $515.63 million. During the same period in the prior year, the firm earned $0.13 EPS. Chico’s FAS’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Chico’s FAS will post 0.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Monday, December 10th will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, December 7th. Chico’s FAS’s dividend payout ratio (DPR) is presently 50.00%.

Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in Chico’s FAS by 193.7% during the third quarter. Renaissance Technologies LLC now owns 4,924,864 shares of the specialty retailer’s stock valued at $42,699,000 after purchasing an additional 3,247,764 shares in the last quarter. BlackRock Inc. raised its stake in Chico’s FAS by 13.3% during the second quarter. BlackRock Inc. now owns 18,337,938 shares of the specialty retailer’s stock valued at $149,271,000 after purchasing an additional 2,159,269 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Chico’s FAS by 85.3% during the third quarter. Neuberger Berman Group LLC now owns 3,210,303 shares of the specialty retailer’s stock valued at $27,831,000 after purchasing an additional 1,477,841 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in Chico’s FAS during the third quarter valued at $10,947,000. Finally, Dimensional Fund Advisors LP raised its stake in Chico’s FAS by 12.6% during the second quarter. Dimensional Fund Advisors LP now owns 10,881,891 shares of the specialty retailer’s stock valued at $88,580,000 after purchasing an additional 1,218,303 shares in the last quarter.

Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. 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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