Trading Report: Today, FY2017 EPS Estimates for Chico’s FAS Inc. (CHS) Raised by Analyst

Today, FY2017 EPS Estimates for Chico’s FAS Inc. (CHS) Raised by Analyst

Chico’s FAS Inc. (NYSE:CHS) – Research analysts at KeyCorp raised their FY2017 EPS estimates for Chico’s FAS in a report released on Tuesday. KeyCorp analyst E. Yruma now expects that the brokerage will post earnings per share of $0.76 for the year, up from their previous forecast of $0.70. KeyCorp also issued estimates for Chico’s FAS’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.08 EPS and FY2018 earnings at $0.86 EPS.

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

CHS has been the subject of several other reports. Citigroup Inc. raised Chico’s FAS from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.00 to $16.00 in a research report on Monday, November 14th. Zacks Investment Research raised Chico’s FAS from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Monday, October 24th. Jefferies Group reaffirmed a “hold” rating and set a $11.00 target price on shares of Chico’s FAS in a research report on Thursday, September 29th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Chico’s FAS in a research report on Wednesday, September 7th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $14.00 target price (up from $13.00) on shares of Chico’s FAS in a research report on Sunday, September 4th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $14.37.

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

Several institutional investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. increased its position in shares of Chico’s FAS by 21.0% in the second quarter. Deprince Race & Zollo Inc. now owns 2,810,591 shares of the company’s stock worth $30,101,000 after buying an additional 487,852 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Chico’s FAS by 1,668.2% in the second quarter. BNP Paribas Arbitrage SA now owns 158,497 shares of the company’s stock worth $1,698,000 after buying an additional 149,533 shares during the last quarter. Brave Asset Management Inc increased its position in shares of Chico’s FAS by 17.2% in the second quarter. Brave Asset Management Inc now owns 13,650 shares of the company’s stock worth $146,000 after buying an additional 2,000 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Chico’s FAS during the second quarter worth $199,000. Finally, Twin Capital Management Inc. acquired a new position in shares of Chico’s FAS during the second quarter worth $1,204,000. Hedge funds and other institutional investors own 90.90% of the company’s stock.

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

About Chico’s FAS

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