Chico’s FAS, Inc. to Issue Quarterly Dividend of $0.09 (NYSE:CHS)

Chico’s FAS, Inc. (NYSE:CHS) declared a quarterly dividend on Friday, June 28th, RTT News reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.0875 per share by the specialty retailer on Monday, September 30th. This represents a $0.35 annualized dividend and a dividend yield of 8.75%. The ex-dividend date is Friday, September 13th.

Chico’s FAS has raised its dividend by an average of 3.1% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Chico’s FAS has a dividend payout ratio of 55.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Chico’s FAS to earn ($0.08) per share next year, which means the company may not be able to cover its $0.35 annual dividend with an expected future payout ratio of -437.5%.

Shares of CHS opened at $4.00 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.08. Chico’s FAS has a one year low of $2.33 and a one year high of $8.90. The stock has a market capitalization of $462.05 million, a price-to-earnings ratio of 12.90 and a beta of 0.26. The stock has a 50 day moving average price of $3.16 and a 200 day moving average price of $3.74.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Chico’s FAS had a positive return on equity of 0.58% and a negative net margin of 0.51%. 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 business earned $0.23 earnings per share. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts predict that Chico’s FAS will post -0.15 earnings per share for the current year.

Several analysts recently commented on CHS shares. Zacks Investment Research cut Chico’s FAS from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 29th. TheStreet cut Chico’s FAS from a “c” rating to a “d+” rating in a report on Wednesday, August 28th. Telsey Advisory Group decreased their target price on Chico’s FAS from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, August 29th. ValuEngine lowered Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, B. Riley set a $6.00 price target on Chico’s FAS and gave the company a “buy” rating in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $4.67.

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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Dividend History for Chico`s FAS (NYSE:CHS)

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