Trade Report: Today: SunTrust Banks Comments on Chico’s FAS Inc.’s FY2017 Earnings (CHS)

Today: SunTrust Banks Comments on Chico’s FAS Inc.’s FY2017 Earnings (CHS)

Chico’s FAS Inc. (NYSE:CHS) – Analysts at SunTrust Banks raised their FY2017 EPS estimates for shares of Chico’s FAS in a research note issued to investors on Wednesday. SunTrust Banks analyst P. Quintiliano now anticipates that the brokerage will earn $0.76 per share for the year, up from their prior forecast of $0.69. SunTrust Banks also issued estimates for Chico’s FAS’s FY2018 earnings at $0.87 EPS.

A number of other research analysts have also weighed in on the company. Jefferies Group set a $13.00 target price on Chico’s FAS and gave the company a “hold” rating in a report on Thursday. Zacks Investment Research raised Chico’s FAS from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday. MKM Partners boosted their price objective on Chico’s FAS from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 23rd. Deutsche Bank AG boosted their price objective on Chico’s FAS from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, November 23rd. Finally, Telsey Advisory Group boosted their price objective on Chico’s FAS from $13.00 to $17.00 and gave the stock a “market perform” rating in a report on Wednesday, November 23rd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $14.50.

Chico’s FAS (NYSE:CHS) opened at 15.53 on Monday. The firm’s 50-day moving average is $12.76 and its 200 day moving average is $11.85. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 98.92 and a beta of 0.73. Chico’s FAS has a 12-month low of $9.61 and a 12-month high of $16.07.

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

Several large investors have recently added to or reduced their stakes in the company. Credit Suisse AG boosted its stake in Chico’s FAS by 30.9% in the third quarter. Credit Suisse AG now owns 416,161 shares of the company’s stock worth $4,952,000 after buying an additional 98,280 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Chico’s FAS by 69.1% in the third quarter. Ameritas Investment Partners Inc. now owns 51,732 shares of the company’s stock worth $616,000 after buying an additional 21,141 shares in the last quarter. Verition Fund Management LLC bought a new stake in Chico’s FAS during the third quarter worth approximately $226,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Chico’s FAS during the third quarter worth approximately $243,000. Finally, Boston Private Wealth LLC boosted its stake in Chico’s FAS by 20.3% in the third quarter. Boston Private Wealth LLC now owns 20,854 shares of the company’s stock worth $248,000 after buying an additional 3,515 shares in the last quarter. 91.80% of the stock is currently owned by hedge funds and other institutional investors.

The business 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 of this dividend 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 currently 76.19%.

Chico’s FAS Company Profile

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