Chico’s FAS Inc. (NYSE:CHS) shares saw unusually-high trading volume on Wednesday . Approximately 1,667,377 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 1,711,886 shares.The stock last traded at $11.70 and had previously closed at $11.90.

CHS has been the subject of several analyst reports. FBR & Co reiterated a “buy” rating on shares of Chico’s FAS in a report on Sunday, May 29th. Stifel Nicolaus restated a “buy” rating on shares of Chico’s FAS in a report on Sunday, May 29th. SunTrust Banks Inc. dropped their price objective on Chico’s FAS from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 27th. Mizuho dropped their price objective on Chico’s FAS from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 27th. Finally, Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, April 27th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Chico’s FAS currently has a consensus rating of “Hold” and a consensus price target of $13.47.

The company’s market cap is $1.53 billion. The company has a 50-day moving average of $11.57 and a 200 day moving average of $11.72.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Monday, September 12th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.32 annualized dividend and a dividend yield of 2.75%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its position 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 worth $1,033,000 after buying an additional 3,914 shares during the period. Calvert Investment Management Inc. purchased a new position in Chico’s FAS during the fourth quarter worth approximately $1,046,000. Trexquant Investment LP purchased a new position in Chico’s FAS during the fourth quarter worth approximately $1,373,000. Systematic Financial Management LP raised its position 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 worth $1,575,000 after buying an additional 4,930 shares during the period. Finally, Wells Fargo & Company MN raised its position in Chico’s FAS by 16.9% in the fourth quarter. Wells Fargo & Company MN now owns 954,871 shares of the company’s stock worth $10,189,000 after buying an additional 138,281 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.