Chico’s FAS (CHS) Shares Down 7.8%

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Chico’s FAS, Inc. (NYSE:CHS) dropped 7.8% during trading on Thursday . The stock traded as low as $5.78 and last traded at $5.93. Approximately 5,578,941 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 4,154,077 shares. The stock had previously closed at $6.43.

A number of research firms have recently weighed in on CHS. ValuEngine downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. MKM Partners reduced their target price on shares of Chico’s FAS from $8.00 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, November 29th. Nomura set a $6.00 target price on shares of Chico’s FAS and gave the company a “hold” rating in a research report on Tuesday, December 11th. Royal Bank of Canada downgraded shares of Chico’s FAS from an “outperform” rating to a “sector perform” rating and set a $4.50 target price for the company. in a research report on Wednesday, November 28th. Finally, Bank of America reduced their target price on shares of Chico’s FAS from $6.50 to $4.00 and set an “underperform” rating for the company in a research report on Thursday, November 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Chico’s FAS currently has a consensus rating of “Hold” and a consensus target price of $6.68.

The firm has a market capitalization of $756.92 million, a P/E ratio of 8.72, a P/E/G ratio of 1.81 and a beta of 0.45. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The business had revenue of $499.90 million during the quarter, compared to the consensus estimate of $515.63 million. Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. On average, equities analysts predict that Chico’s FAS, Inc. will post 0.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Monday, December 10th were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend was Friday, December 7th. Chico’s FAS’s dividend payout ratio (DPR) is presently 50.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHS. Acadian Asset Management LLC lifted its stake in Chico’s FAS by 145.3% in the 3rd quarter. Acadian Asset Management LLC now owns 14,191 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 8,405 shares in the last quarter. Point72 Hong Kong Ltd lifted its stake in Chico’s FAS by 238.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 23,580 shares of the specialty retailer’s stock worth $192,000 after purchasing an additional 16,604 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Chico’s FAS by 35.0% in the 2nd quarter. Flinton Capital Management LLC now owns 24,192 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 6,272 shares in the last quarter. Bridgewater Associates LP lifted its stake in Chico’s FAS by 28.4% in the 2nd quarter. Bridgewater Associates LP now owns 24,935 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 5,508 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Chico’s FAS in the 3rd quarter worth approximately $280,000. 94.39% of the stock is owned by institutional investors.

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About Chico’s FAS (NYSE:CHS)

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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