Chico's FAS (CHS) Releases Earnings Results, Beats Expectations By $0.07 EPS

Chico's FAS (CHS) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. CHS said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.13. The company posted revenue of $596.90 million in the period, compared to analysts expectations of $609.75 million. CHS’s revenue was down -6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Chico's FAS. Chico's FAS was Downgraded by Nomura to ” Neutral” on Nov 16, 2016. Chico's FAS was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Nov 15, 2016. Wolfe Research Upgraded Chico's FAS on Nov 14, 2016 to ” Outperform”, Price Target of the shares are set at $16.

Chico's FAS closed down -0.16 points or -1.11% at $14.3 with 29,93,343 shares getting traded on Monday. Post opening the session at $14.29, the shares hit an intraday low of $14.09 and an intraday high of $14.595 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Sep 6, 2016, Cynthia Murray (Brand President – Chico’s) sold 20,000 shares at $12.67 per share price. According to the SEC, on Apr 5, 2016, Colaco Donna Noce (Brand President WH|BM) sold 40,000 shares at $13.02 per share price. On Sep 18, 2015, David Dyer (President and CEO) sold 50,000 shares at $17.02 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.

Chico's FAS

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