Chico’s FAS Inc. (CHS) To Go Ex-Dividend on December 1st
Chico’s FAS Inc. (NYSE:CHS) announced a quarterly dividend on Tuesday, November 22nd. Stockholders of record on Monday, December 5th will be given a dividend of 0.08 per share on Monday, December 19th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, December 1st.
Shares of Chico’s FAS (NYSE:CHS) opened at 15.25 on Wednesday. Chico’s FAS has a 12-month low of $9.61 and a 12-month high of $16.07. The stock has a market cap of $1.96 billion, a PE ratio of 36.84 and a beta of 0.73. The stock’s 50 day moving average is $12.85 and its 200-day moving average is $11.87.
Chico’s FAS (NYSE:CHS) last released its earnings results on Tuesday, November 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.07. The firm 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 business’s revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS. Equities analysts expect that Chico’s FAS will post $0.75 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in CHS. Credit Suisse AG increased 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 valued at $4,952,000 after buying an additional 98,280 shares in the last quarter. Ameritas Investment Partners Inc. increased 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 valued at $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 valued at $226,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Chico’s FAS during the third quarter valued at $243,000. Finally, Boston Private Wealth LLC increased 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 valued at $248,000 after buying an additional 3,515 shares in the last quarter. 91.80% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of 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, November 24th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Chico’s FAS in a report on Tuesday, November 22nd. MKM Partners lifted their price objective on shares of Chico’s FAS from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, November 23rd. FBR & Co reiterated an “outperform” rating and set a $17.00 price objective on shares of Chico’s FAS in a report on Saturday, September 3rd. Finally, Telsey Advisory Group lifted their price objective on shares of Chico’s FAS from $13.00 to $17.00 and gave the company a “market perform” rating in a report on Wednesday, November 23rd. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Chico’s FAS currently has a consensus rating of “Buy” and an average price target of $14.50.
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Chico’s FAS Company Profile
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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