Shares of Chico’s FAS, Inc. (NYSE:CHS) gapped up before the market opened on Friday after B. Riley raised their price target on the stock from $5.50 to $6.00. The stock had previously closed at $3.88, but opened at $4.16. B. Riley currently has a buy rating on the stock. Chico’s FAS shares last traded at $4.30, with a volume of 1,320,335 shares trading hands.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Chico’s FAS from a “strong sell” rating to a “hold” rating in a research report on Monday, November 18th. ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group upped their price target on shares of Chico’s FAS from $3.00 to $5.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Chico’s FAS has an average rating of “Hold” and an average target price of $4.90.
Institutional investors have recently added to or reduced their stakes in the company. Maverick Capital Ltd. acquired a new stake in Chico’s FAS in the third quarter worth about $908,000. Squarepoint Ops LLC lifted its holdings in Chico’s FAS by 833.5% in the third quarter. Squarepoint Ops LLC now owns 1,064,689 shares of the specialty retailer’s stock worth $4,291,000 after purchasing an additional 950,638 shares during the period. California State Teachers Retirement System lifted its holdings in Chico’s FAS by 3.3% in the third quarter. California State Teachers Retirement System now owns 212,752 shares of the specialty retailer’s stock worth $857,000 after purchasing an additional 6,840 shares during the period. First Trust Advisors LP lifted its holdings in Chico’s FAS by 1,364.5% in the third quarter. First Trust Advisors LP now owns 287,051 shares of the specialty retailer’s stock worth $1,157,000 after purchasing an additional 267,451 shares during the period. Finally, 6 Meridian lifted its holdings in Chico’s FAS by 97.8% in the third quarter. 6 Meridian now owns 241,271 shares of the specialty retailer’s stock worth $972,000 after purchasing an additional 119,273 shares during the period. Institutional investors and hedge funds own 94.61% of the company’s stock.
The firm has a market cap of $511.25 million, a price-to-earnings ratio of 13.69 and a beta of 0.35. The firm’s fifty day moving average is $4.12 and its two-hundred day moving average is $3.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.09 and a quick ratio of 0.43.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $484.71 million during the quarter, compared to the consensus estimate of $473.21 million. Chico’s FAS had a negative net margin of 1.23% and a negative return on equity of 1.37%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, equities analysts forecast that Chico’s FAS, Inc. will post -0.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a $0.087 dividend. This represents a $0.35 annualized dividend and a yield of 8.20%. The ex-dividend date of this dividend was Friday, December 6th. Chico’s FAS’s payout ratio is currently 112.90%.
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.
