Brokerages predict that Chico’s FAS, Inc. (NYSE:CHS – Get Rating) will post sales of $490.10 million for the current quarter, according to Zacks. Two analysts have made estimates for Chico’s FAS’s earnings, with estimates ranging from $487.20 million to $493.00 million. Chico’s FAS posted sales of $387.96 million during the same quarter last year, which would indicate a positive year over year growth rate of 26.3%. The company is expected to report its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Chico’s FAS will report full year sales of $2.09 billion for the current financial year, with estimates ranging from $2.07 billion to $2.11 billion. For the next financial year, analysts expect that the business will report sales of $2.20 billion, with estimates ranging from $2.19 billion to $2.20 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Chico’s FAS.
Chico’s FAS (NYSE:CHS – Get Rating) last posted its quarterly earnings results on Tuesday, March 1st. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $496.26 million during the quarter, compared to analyst estimates 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 period last year, the firm posted ($0.36) EPS.
NYSE CHS opened at $5.02 on Friday. Chico’s FAS has a 52 week low of $3.80 and a 52 week high of $7.29. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $5.02. The firm has a market cap of $628.21 million, a PE ratio of 13.57 and a beta of 1.32.
In other news, insider Bonnie R. Brooks sold 200,000 shares of the company’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $4.28, for a total transaction of $856,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHS. Advisor Group Holdings Inc. lifted its stake in shares of Chico’s FAS by 808.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 104,112 shares of the specialty retailer’s stock valued at $560,000 after purchasing an additional 92,646 shares during the period. Squarepoint Ops LLC grew its holdings in Chico’s FAS by 1,432.3% during the third quarter. Squarepoint Ops LLC now owns 702,511 shares of the specialty retailer’s stock worth $3,154,000 after purchasing an additional 656,663 shares during the period. Credit Suisse AG grew its holdings in Chico’s FAS by 14.5% during the third quarter. Credit Suisse AG now owns 27,462 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 3,487 shares during the period. Fox Run Management L.L.C. bought a new position in Chico’s FAS during the fourth quarter worth about $194,000. Finally, Ensign Peak Advisors Inc acquired a new stake in Chico’s FAS during the third quarter worth approximately $587,000. Institutional investors and hedge funds own 80.88% 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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