Today, Q4 2017 EPS Estimates for Chico’s FAS Inc. Decreased by Jefferies Group (CHS)

Today, Q4 2017 EPS Estimates for Chico’s FAS Inc. Decreased by Jefferies Group (CHS)
Chico’s FAS Inc. (NYSE:CHS) – Equities researchers at Jefferies Group dropped their Q4 2017 earnings per share estimates for shares of Chico’s FAS in a research report issued to clients and investors on Tuesday. Jefferies Group analyst R. Konik now anticipates that the brokerage will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.04. Jefferies Group currently has a “Hold” rating and a $11.00 target price on the stock. Jefferies Group also issued estimates for Chico’s FAS’s Q4 2018 earnings at $0.02 EPS.

Chico’s FAS (NYSE:CHS) last announced its earnings results on Tuesday, November 22nd. The company reported $0.20 EPS for the quarter, beating the Zacks’ 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 business earned $596.90 million during the quarter, compared to analysts’ expectations of $610.83 million. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was down 6.9% on a year-over-year basis.

A number of other research analysts also recently commented on the stock. Deutsche Bank AG reissued a “hold” rating on shares of Chico’s FAS in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Monday, August 22nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Chico’s FAS in a research report on Tuesday, August 30th. Mizuho lifted their price objective on shares of Chico’s FAS from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 31st. Finally, Wolfe Research raised shares of Chico’s FAS from a “peer perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Monday, November 14th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.37.

Shares of Chico’s FAS (NYSE:CHS) traded up 0.5359% during mid-day trading on Thursday, reaching $15.6635. 238,450 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $12.66 and its 200-day moving average price is $11.82. Chico’s FAS has a one year low of $9.61 and a one year high of $16.07. The company has a market capitalization of $2.02 billion, a PE ratio of 99.7675 and a beta of 0.73.

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

Institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new position in Chico’s FAS during the second quarter valued at about $100,000. LS Investment Advisors LLC boosted its position in Chico’s FAS by 5.5% in the third quarter. LS Investment Advisors LLC now owns 8,756 shares of the company’s stock valued at $104,000 after buying an additional 455 shares in the last quarter. Oakbrook Investments LLC boosted its position in Chico’s FAS by 0.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the company’s stock valued at $115,000 after buying an additional 100 shares in the last quarter. Marshall Wace LLP purchased a new position in Chico’s FAS during the second quarter valued at about $117,000. Finally, Royal Bank of Canada boosted its position in Chico’s FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock valued at $121,000 after buying an additional 10,842 shares in the last quarter. Hedge funds and other institutional investors own 90.90% of the company’s stock.

Chico’s FAS Company Profile

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