Chico’s FAS, Inc. (NYSE:CHS) announced a quarterly dividend on Friday, April 26th, RTT News reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.0875 per share by the specialty retailer on Monday, July 1st. This represents a $0.35 annualized dividend and a yield of 10.42%. The ex-dividend date of this dividend is Friday, June 14th.
Chico’s FAS has raised its dividend payment by an average of 3.1% annually over the last three years and has increased its dividend every year for the last 9 years. Chico’s FAS has a payout ratio of 55.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Chico’s FAS to earn $0.07 per share next year, which means the company may not be able to cover its $0.35 annual dividend with an expected future payout ratio of 500.0%.
Shares of Chico’s FAS stock traded down $0.01 on Monday, reaching $3.36. 1,903,217 shares of the company traded hands, compared to its average volume of 3,484,681. Chico’s FAS has a 52 week low of $2.97 and a 52 week high of $10.44. The business has a 50 day moving average of $3.56. The stock has a market cap of $408.66 million, a price-to-earnings ratio of 10.84, a PEG ratio of 29.56 and a beta of 0.28. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 1.25.
Several research firms have recently weighed in on CHS. Zacks Investment Research cut shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. B. Riley set a $6.00 target price on shares of Chico’s FAS and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 target price (down from $5.00) on shares of Chico’s FAS in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Chico’s FAS currently has an average rating of “Hold” and a consensus target price of $5.06.
In other news, Director Kimberly Roy Tofalli purchased 14,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average cost of $3.62 per share, for a total transaction of $50,680.00. Following the completion of the transaction, the director now directly owns 21,238 shares in the company, valued at approximately $76,881.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders acquired 23,100 shares of company stock valued at $82,741. Company insiders own 1.80% of the company’s stock.
Chico’s FAS Company Profile
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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