Telsey Advisory Group Analysts Reduce Earnings Estimates for Chico’s FAS, Inc. (NYSE:CHS)

Chico’s FAS, Inc. (NYSE:CHS) – Analysts at Telsey Advisory Group lowered their Q3 2024 earnings per share estimates for Chico’s FAS in a research report issued to clients and investors on Wednesday, August 30th. Telsey Advisory Group analyst D. Telsey now expects that the specialty retailer will post earnings per share of $0.10 for the quarter, down from their previous estimate of $0.13. Telsey Advisory Group currently has a “Market Perform” rating and a $6.00 price objective on the stock. The consensus estimate for Chico’s FAS’s current full-year earnings is $0.79 per share. Telsey Advisory Group also issued estimates for Chico’s FAS’s Q4 2024 earnings at $0.01 EPS, FY2024 earnings at $0.71 EPS, Q1 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.02 EPS and FY2025 earnings at $0.77 EPS.

Several other analysts also recently weighed in on the stock. StockNews.com initiated coverage on shares of Chico’s FAS in a report on Thursday, August 17th. They issued a “buy” rating on the stock. TheStreet raised shares of Chico’s FAS from a “c+” rating to a “b” rating in a research note on Tuesday, June 6th.

Chico’s FAS Stock Performance

Shares of CHS stock opened at $5.12 on Thursday. The stock’s 50-day moving average price is $5.58 and its 200 day moving average price is $5.42. The company has a quick ratio of 0.43, a current ratio of 1.11 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $632.12 million, a PE ratio of 5.57 and a beta of 1.25. Chico’s FAS has a 52-week low of $4.33 and a 52-week high of $7.30.

Chico’s FAS (NYSE:CHS) last announced its earnings results on Tuesday, August 29th. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Chico’s FAS had a net margin of 5.34% and a return on equity of 34.78%. The business had revenue of $545.13 million for the quarter, compared to analyst estimates of $554.90 million. During the same period last year, the firm posted $0.34 earnings per share.

Institutional Trading of Chico’s FAS

Several institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd grew its position in Chico’s FAS by 333.0% in the first quarter. Point72 Hong Kong Ltd now owns 8,309 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 6,390 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Chico’s FAS by 54.9% in the first quarter. Tower Research Capital LLC TRC now owns 8,655 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 3,067 shares during the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Chico’s FAS in the first quarter valued at about $48,000. LPL Financial LLC acquired a new stake in shares of Chico’s FAS in the fourth quarter valued at about $54,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Chico’s FAS in the first quarter valued at about $60,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Chico’s FAS

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories in the United States, Puerto Rico, Virgin Islands; and franchise locations in Mexico and domestic airports. The company operates under the Chico's, White House Black Market (WHBM), and Soma brands.