Chico’s FAS (NYSE:CHS) announced its quarterly earnings data on Tuesday. The specialty retailer reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02, Briefing.com reports. The business had revenue of $484.71 million for the quarter, compared to analyst estimates of $473.21 million. Chico’s FAS had a negative net margin of 0.51% and a positive return on equity of 0.58%. The company’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS.
NYSE CHS traded up $0.59 during mid-day trading on Tuesday, hitting $4.77. The company’s stock had a trading volume of 9,083,493 shares, compared to its average volume of 3,021,853. Chico’s FAS has a 52-week low of $2.33 and a 52-week high of $7.33. The stock’s fifty day simple moving average is $3.62 and its two-hundred day simple moving average is $3.48. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.52. The firm has a market capitalization of $569.90 million, a P/E ratio of 15.39 and a beta of 0.26.
Several brokerages have recently weighed in on CHS. Telsey Advisory Group cut their price objective on shares of Chico’s FAS from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, August 29th. MKM Partners set a $4.00 price objective on shares of Chico’s FAS and gave the stock a “hold” rating in a report on Thursday, August 29th. Zacks Investment Research upgraded shares of Chico’s FAS from a “strong sell” rating to a “hold” rating in a report on Monday, November 18th. Morgan Stanley cut their price target on shares of Chico’s FAS from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Finally, ValuEngine lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.67.
Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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