Chico's FAS (CHS) was Reiterated by Mizuho to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $13 . Mizuho advised their investors in a research report released on Aug 31, 2016.
On the company’s financial health, Chico's FAS reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 30, 2016. Analyst had a consensus of $0.22. The company had revenue of $637.73 million for the quarter, compared to analysts expectations of $632.45 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.
Chico's FAS opened for trading at $11.74 and hit $11.84 on the upside on Monday, eventually ending the session at $11.83, with a gain of 0.77% or 0.09 points. The heightened volatility saw the trading volume jump to 20,64,432 shares. Company has a market cap of $1,569 M.
Investors should note that on Jun 17, 2016, Chico's FAS announced a cash dividend of $0.0800. The company’s management has announced Sep 8, 2016 as the ex-dividend date and fixed the record date on Sep 12, 2016. The payable date has been fixed on Sep 26, 2016.
In a different news, on Apr 5, 2016, Colaco Donna Noce (Brand President WH|BM) sold 40,000 shares at $13.02 per share price. According to the SEC, on Sep 18, 2015, David Dyer (President and CEO) sold 50,000 shares at $17.02 per share price. On Sep 15, 2015, Cynthia Murray (Brand President – Chico’s) sold 15,000 shares at $16.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Chico’s FAS Inc. is a specialty retailer of women’s private branded casual-to-dressy clothing intimates complementary accessories and other non-clothing items operating under the Chico’s White House/Black Market (WH/BM) Soma Intimates (Soma) and Boston Proper brand names. The Chico’s brand sells designed private branded clothing focusing on women 40 and over. The WHBM brand offers feminine and alternative to designer fashion selling fashionable and clothing and accessory items primarily in black and white and related shades with seasonal color splashes. The Soma brand sells designed private branded lingerie loungewear and beauty products women who are 35 years old and over. The Boston Proper brand sells women’s apparel and accessories marketed to affluent women between 35-55 years old.