Chico’s FAS (NYSE:CHS) Releases FY 2022 Earnings Guidance

Chico’s FAS (NYSE:CHSGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.400-$0.500 for the period, compared to the Thomson Reuters consensus estimate of $0.480. The company issued revenue guidance of $2.09 billion-$2.12 billion, compared to the consensus revenue estimate of $2.09 billion.Chico’s FAS also updated its Q1 2022 guidance to $0.070-$0.110 EPS.

Shares of Chico’s FAS stock opened at $4.94 on Tuesday. The company has a market cap of $605.20 million, a P/E ratio of 13.35 and a beta of 1.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.01 and a quick ratio of 0.35. The business has a fifty day moving average price of $4.64. Chico’s FAS has a fifty-two week low of $2.67 and a fifty-two week high of $7.29.

Chico’s FAS (NYSE:CHSGet Rating) last issued its earnings results on Tuesday, March 1st. The specialty retailer reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. The company had revenue of $496.26 million during the quarter, compared to the consensus estimate of $498.00 million. Chico’s FAS had a net margin of 2.55% and a return on equity of 25.89%. During the same quarter in the prior year, the firm posted ($0.36) EPS. As a group, analysts anticipate that Chico’s FAS will post 0.46 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Chico’s FAS from a sell rating to a hold rating and set a $5.75 target price on the stock in a research report on Tuesday, March 1st. B. Riley reduced their target price on shares of Chico’s FAS from $6.00 to $5.00 in a research report on Wednesday, March 2nd. Finally, StockNews.com downgraded shares of Chico’s FAS from a strong-buy rating to a buy rating in a research note on Saturday, March 26th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $5.58.

In other Chico’s FAS news, insider Bonnie R. Brooks sold 200,000 shares of Chico’s FAS stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $4.28, for a total value of $856,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in Chico’s FAS by 191.4% in the 2nd quarter. Royal Bank of Canada now owns 10,258 shares of the specialty retailer’s stock valued at $67,000 after purchasing an additional 6,738 shares during the last quarter. Morgan Stanley boosted its holdings in Chico’s FAS by 31.7% in the 3rd quarter. Morgan Stanley now owns 922,017 shares of the specialty retailer’s stock valued at $4,141,000 after purchasing an additional 221,872 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Chico’s FAS by 95.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 128,988 shares of the specialty retailer’s stock valued at $579,000 after purchasing an additional 62,926 shares during the last quarter. Bank of America Corp DE boosted its holdings in Chico’s FAS by 11.5% in the 4th quarter. Bank of America Corp DE now owns 329,509 shares of the specialty retailer’s stock valued at $1,773,000 after purchasing an additional 33,879 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Chico’s FAS by 155.3% in the 4th quarter. JPMorgan Chase & Co. now owns 272,705 shares of the specialty retailer’s stock valued at $1,468,000 after purchasing an additional 165,876 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Chico’s FAS Company Profile (Get Rating)

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 brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.

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Earnings History and Estimates for Chico's FAS (NYSE:CHS)

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