Chico’s FAS, Inc. (NYSE:CHS) Expected to Post Quarterly Sales of $389.28 Million

Equities analysts forecast that Chico’s FAS, Inc. (NYSE:CHS) will report $389.28 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Chico’s FAS’s earnings, with the highest sales estimate coming in at $526.50 million and the lowest estimate coming in at $331.00 million. Chico’s FAS posted sales of $517.73 million during the same quarter last year, which suggests a negative year-over-year growth rate of 24.8%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, June 10th.

According to Zacks, analysts expect that Chico’s FAS will report full-year sales of $1.84 billion for the current year, with estimates ranging from $1.75 billion to $2.07 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.91 billion, with estimates ranging from $1.73 billion to $2.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Chico’s FAS.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Thursday, February 27th. The specialty retailer reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The business had revenue of $527.09 million during the quarter, compared to the consensus estimate of $524.68 million. Chico’s FAS had a negative return on equity of 0.48% and a negative net margin of 0.63%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share.

Several brokerages have recently issued reports on CHS. Telsey Advisory Group reiterated a “market perform” rating on shares of Chico’s FAS in a research report on Monday, February 24th. Zacks Investment Research downgraded Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Friday, April 24th. B. Riley cut their target price on Chico’s FAS from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Morgan Stanley cut their target price on Chico’s FAS from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Thursday, March 19th. Finally, Bank of America upped their target price on Chico’s FAS from $2.40 to $2.80 and gave the stock an “underperform” rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $3.76.

Shares of NYSE CHS traded up $0.04 during midday trading on Monday, hitting $1.30. 1,432,212 shares of the company’s stock were exchanged, compared to its average volume of 2,708,872. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 0.43. The stock’s 50 day moving average price is $1.27 and its 200-day moving average price is $3.09. The firm has a market cap of $151.68 million, a P/E ratio of -11.45 and a beta of 1.16. Chico’s FAS has a twelve month low of $0.93 and a twelve month high of $5.14.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Capital Partners Inc. increased its holdings in shares of Chico’s FAS by 100.0% in the first quarter. Legacy Capital Partners Inc. now owns 20,000 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 10,000 shares in the last quarter. Teza Capital Management LLC increased its holdings in shares of Chico’s FAS by 108.3% in the first quarter. Teza Capital Management LLC now owns 20,977 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 10,905 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Chico’s FAS in the fourth quarter valued at $39,000. Public Employees Retirement Association of Colorado increased its holdings in shares of Chico’s FAS by 48.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 31,787 shares of the specialty retailer’s stock valued at $41,000 after buying an additional 10,420 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Chico’s FAS in the fourth quarter valued at $53,000. 88.12% of the stock is currently owned by institutional investors.

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.

Further Reading: How does a security become overbought?

Get a free copy of the Zacks research report on Chico’s FAS (CHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related companies with MarketBeat.com's FREE daily email newsletter.