Trading Report: Today, KeyCorp Weighs in on Chico’s FAS Inc.’s FY2017 Earnings (CHS)

Today, KeyCorp Weighs in on Chico’s FAS Inc.’s FY2017 Earnings (CHS)

Chico’s FAS Inc. (NYSE:CHS) – Investment analysts at KeyCorp upped their FY2017 earnings per share (EPS) estimates for shares of Chico’s FAS in a note issued to investors on Tuesday. KeyCorp analyst E. Yruma now expects that the firm will earn $0.76 per share for the year, up from their prior estimate 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.

Several other equities analysts have also recently weighed in on the stock. Jefferies Group set a $13.00 target price on shares of Chico’s FAS and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research raised shares of Chico’s FAS from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday. MKM Partners raised their target price on shares of Chico’s FAS from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday. Deutsche Bank AG raised their target price on shares of Chico’s FAS from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Telsey Advisory Group raised their target price on shares of Chico’s FAS from $13.00 to $17.00 and gave the company a “market perform” rating in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Chico’s FAS has an average rating of “Buy” and a consensus target price of $14.50.

Chico’s FAS (NYSE:CHS) opened at 15.53 on Thursday. The company has a market capitalization of $2.01 billion, a P/E ratio of 98.92 and a beta of 0.73. The stock’s 50 day moving average is $12.76 and its 200 day moving average is $11.85. Chico’s FAS has a 52 week low of $9.61 and a 52 week high of $16.07.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.13 by $0.07. The firm earned $596.90 million during the quarter, compared to the consensus estimate of $610.83 million. Chico’s FAS had a net margin of 2.24% and a return on equity of 16.24%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share.

Several institutional investors have recently added to or reduced their stakes in CHS. BlackRock Fund Advisors raised its stake in shares of Chico’s FAS by 5.3% in the third quarter. BlackRock Fund Advisors now owns 6,890,210 shares of the company’s stock worth $81,993,000 after buying an additional 344,459 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $53,957,000 after buying an additional 1,029,247 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Chico’s FAS by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,254,548 shares of the company’s stock worth $45,566,000 after buying an additional 77,568 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Chico’s FAS by 1.2% in the second quarter. Sterling Capital Management LLC now owns 3,223,582 shares of the company’s stock worth $34,525,000 after buying an additional 37,188 shares during the last quarter. 90.90% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.06%. Chico’s FAS’s dividend payout ratio is presently 76.19%.

Chico’s FAS Company Profile

Related posts

Leave a Comment