Todays Report: Today, Brokers Offer Predictions for Chico’s FAS Inc.’s FY2017 Earnings (CHS)

Today, Brokers Offer Predictions for Chico’s FAS Inc.’s FY2017 Earnings (CHS)

Chico’s FAS Inc. (NYSE:CHS) – Stock analysts at FBR & Co increased their FY2017 earnings estimates for shares of Chico’s FAS in a research note issued on Wednesday. FBR & Co analyst S. Anderson now expects that the firm will post earnings of $0.77 per share for the year, up from their prior forecast of $0.68. FBR & Co has a “Buy” rating and a $17.00 price objective on the stock. FBR & Co also issued estimates for Chico’s FAS’s Q4 2017 earnings at $0.07 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.10 EPS.

Several other brokerages have also commented on CHS. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Chico’s FAS in a research report on Tuesday. Telsey Advisory Group boosted their target price on shares of Chico’s FAS from $13.00 to $17.00 and gave the stock a “market perform” rating in a research report on Wednesday. Deutsche Bank AG boosted their target price on shares of Chico’s FAS from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday. MKM Partners boosted their target price on shares of Chico’s FAS from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Chico’s FAS has an average rating of “Buy” and a consensus target price of $14.37.

Shares of Chico’s FAS (NYSE:CHS) opened at 15.58 on Thursday. The firm has a market capitalization of $2.01 billion, a PE ratio of 99.24 and a beta of 0.73. Chico’s FAS has a 52-week low of $9.61 and a 52-week high of $16.07. The company’s 50-day moving average is $12.66 and its 200 day moving average is $11.82.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.07. Chico’s FAS had a net margin of 2.24% and a return on equity of 16.23%. The firm earned $596.90 million during the quarter, compared to analysts’ expectations of $610.83 million. During the same period last year, the business earned $0.13 earnings per share. Chico’s FAS’s revenue was down 6.9% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, December 5th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, December 1st. Chico’s FAS’s dividend payout ratio is presently 76.19%.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Chico’s FAS by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 6,731,576 shares of the company’s stock worth $80,106,000 after buying an additional 1,837,430 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Chico’s FAS during the second quarter worth $16,978,000. Peregrine Capital Management LLC bought a new position in Chico’s FAS during the third quarter worth $14,307,000. Dimensional Fund Advisors LP boosted its position in Chico’s FAS by 25.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,038,059 shares of the company’s stock valued at $53,957,000 after buying an additional 1,029,247 shares during the period. Finally, Gotham Asset Management LLC boosted its position in Chico’s FAS by 3,975.6% in the third quarter. Gotham Asset Management LLC now owns 543,364 shares of the company’s stock valued at $6,466,000 after buying an additional 530,032 shares during the period. Hedge funds and other institutional investors own 90.90% of the company’s stock.

Chico’s FAS Company Profile

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