Chico’s FAS Inc. (NYSE:CHS) shares saw strong trading volume on Tuesday . 2,474,337 shares changed hands during mid-day trading, an increase of 50% from the previous session’s volume of 1,653,968 shares.The stock last traded at $11.61 and had previously closed at $11.69.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, April 27th. Morgan Stanley reiterated an “equal weight” rating and issued a $12.00 target price on shares of Chico’s FAS in a research report on Friday, April 1st. Deutsche Bank AG started coverage on shares of Chico’s FAS in a research note on Tuesday, April 26th. They issued a “hold” rating and a $13.00 price target on the stock. FBR & Co reissued a “buy” rating and issued a $18.00 price target on shares of Chico’s FAS in a research note on Tuesday, April 26th. Finally, Nomura Holdings Inc. reissued a “buy” rating and issued a $13.00 price target on shares of Chico’s FAS in a research note on Monday, April 4th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Chico’s FAS has a consensus rating of “Hold” and an average target price of $13.45.

The firm’s market capitalization is $1.53 billion. The firm’s 50-day moving average price is $11.06 and its 200 day moving average price is $11.49.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Thursday, May 26th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.06. During the same quarter last year, the firm posted $0.28 earnings per share. The company had revenue of $642.98 million for the quarter, compared to analysts’ expectations of $668.67 million. The company’s revenue was down 7.9% compared to the same quarter last year. On average, equities analysts expect that Chico’s FAS Inc. will post $0.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Monday, September 12th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.32 dividend on an annualized basis and a yield of 2.76%.

Several large investors have recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in Chico’s FAS by 19.5% in the fourth quarter. Strs Ohio now owns 96,100 shares of the company’s stock valued at $1,025,000 after buying an additional 15,700 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Chico’s FAS by 4.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 96,800 shares of the company’s stock valued at $1,033,000 after buying an additional 3,914 shares in the last quarter. Trexquant Investment LP purchased a new stake in Chico’s FAS during the fourth quarter valued at about $1,373,000. New York State Common Retirement Fund boosted its stake in Chico’s FAS by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 136,600 shares of the company’s stock valued at $1,458,000 after buying an additional 5,800 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in Chico’s FAS by 3.5% in the fourth quarter. Systematic Financial Management LP now owns 147,682 shares of the company’s stock valued at $1,575,000 after buying an additional 4,930 shares in the last quarter.

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 (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.

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