FY2023 Earnings Estimate for Chico’s FAS, Inc. (NYSE:CHS) Issued By Telsey Advisory Group

Chico’s FAS, Inc. (NYSE:CHSGet Rating) – Analysts at Telsey Advisory Group increased their FY2023 EPS estimates for shares of Chico’s FAS in a report issued on Wednesday, November 23rd. Telsey Advisory Group analyst D. Telsey now anticipates that the specialty retailer will post earnings of $0.91 per share for the year, up from their previous estimate of $0.85. Telsey Advisory Group has a “Market Perform” rating and a $7.00 price objective on the stock. The consensus estimate for Chico’s FAS’s current full-year earnings is $0.91 per share. Telsey Advisory Group also issued estimates for Chico’s FAS’s Q4 2023 earnings at $0.09 EPS, Q1 2024 earnings at $0.30 EPS, Q2 2024 earnings at $0.39 EPS, Q3 2024 earnings at $0.22 EPS, Q4 2024 earnings at $0.10 EPS and FY2024 earnings at $1.00 EPS.

A number of other research analysts also recently commented on CHS. StockNews.com began coverage on shares of Chico’s FAS in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. TheStreet downgraded shares of Chico’s FAS from a “b-” rating to a “c” rating in a research report on Tuesday.

Chico’s FAS Stock Performance

Shares of CHS opened at $6.11 on Thursday. The firm has a 50-day moving average of $5.59 and a 200-day moving average of $5.48. Chico’s FAS has a one year low of $3.80 and a one year high of $7.30. The company has a market cap of $764.61 million, a PE ratio of 6.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 0.48.

Chico’s FAS (NYSE:CHSGet Rating) last issued its quarterly earnings results on Wednesday, August 31st. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.09. Chico’s FAS had a net margin of 5.31% and a return on equity of 40.94%. The firm had revenue of $558.72 million for the quarter, compared to analyst estimates of $543.90 million. During the same period in the previous year, the business earned $0.21 EPS.

Insider Buying and Selling

In related news, Director Bonnie R. Brooks sold 100,000 shares of Chico’s FAS stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $5.02, for a total transaction of $502,000.00. Following the completion of the sale, the director now owns 992,527 shares of the company’s stock, valued at approximately $4,982,485.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.60% of the stock is currently owned by insiders.

Institutional Trading of Chico’s FAS

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Chico’s FAS during the 2nd quarter worth about $3,546,000. Range Financial Group LLC bought a new stake in shares of Chico’s FAS during the 2nd quarter worth about $438,000. Global Alpha Capital Management Ltd. bought a new stake in shares of Chico’s FAS during the 1st quarter worth about $19,009,000. State of Alaska Department of Revenue boosted its holdings in Chico’s FAS by 11.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 94,670 shares of the specialty retailer’s stock valued at $470,000 after purchasing an additional 9,430 shares during the period. Finally, Cornerstone Investment Partners LLC bought a new stake in Chico’s FAS in the 2nd quarter valued at about $179,000. Institutional investors own 83.94% of the company’s stock.

About Chico’s FAS

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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.

Further Reading

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

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