Chico’s FAS (CHS) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Chico’s FAS (NYSE:CHS) from a sell rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Chico’s FAS, Inc. is a cultivator of brands serving the lifestyle needs of fashion-savvy women 30 years and older. Their brand portfolio currently consists of three brands: Chico’s, White House Black Market and Soma. Their brands are all specialty retailers of private label women’s apparel, accessories and related products. Currently, they operate boutiques and outlets throughout the U.S. and Canada, as well as an online presence for each of their brands. “

Separately, ValuEngine upgraded Chico’s FAS from a hold rating to a buy rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $6.15.

NYSE CHS traded up $0.04 during trading on Tuesday, hitting $3.84. The company’s stock had a trading volume of 53,193 shares, compared to its average volume of 3,607,309. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.91 and a current ratio of 1.76. The company has a market cap of $465.49 million, a PE ratio of 12.42, a P/E/G ratio of 4.72 and a beta of 0.28. Chico’s FAS has a fifty-two week low of $3.30 and a fifty-two week high of $10.80.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, March 6th. The specialty retailer reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. The business had revenue of $524.70 million during the quarter, compared to the consensus estimate of $514.28 million. Chico’s FAS had a return on equity of 6.89% and a net margin of 1.67%. The company’s quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. On average, sell-side analysts predict that Chico’s FAS will post 0.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 9.11%. The ex-dividend date is Friday, June 14th. Chico’s FAS’s payout ratio is 112.90%.

Several large investors have recently made changes to their positions in the company. BlueMountain Capital Management LLC raised its stake in shares of Chico’s FAS by 32.4% in the first quarter. BlueMountain Capital Management LLC now owns 274,884 shares of the specialty retailer’s stock worth $1,174,000 after purchasing an additional 67,216 shares during the last quarter. SEI Investments Co raised its position in Chico’s FAS by 143.9% during the first quarter. SEI Investments Co now owns 9,020 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 5,322 shares in the last quarter. Oxford Asset Management LLP raised its position in Chico’s FAS by 1,461.5% during the first quarter. Oxford Asset Management LLP now owns 310,016 shares of the specialty retailer’s stock valued at $1,324,000 after acquiring an additional 290,162 shares in the last quarter. Hsbc Holdings PLC raised its position in Chico’s FAS by 6.5% during the first quarter. Hsbc Holdings PLC now owns 91,477 shares of the specialty retailer’s stock valued at $391,000 after acquiring an additional 5,571 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in Chico’s FAS by 14.3% during the first quarter. Pinebridge Investments L.P. now owns 204,862 shares of the specialty retailer’s stock valued at $875,000 after acquiring an additional 25,583 shares in the last quarter. Hedge funds and other institutional investors own 99.55% 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. 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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