Chico’s FAS Inc. (NYSE:CHS) saw unusually-strong trading volume on Wednesday . Approximately 1,667,377 shares were traded 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.

A number of research analysts have recently weighed in on CHS shares. Zacks Investment Research cut Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Wolfe Research upgraded Chico’s FAS from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, May 25th. MKM Partners dropped their price target on Chico’s FAS from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, May 26th. FBR & Co dropped their price target on Chico’s FAS from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Finally, Mizuho dropped their price target on Chico’s FAS from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, May 27th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Chico’s FAS currently has a consensus rating of “Hold” and a consensus target price of $13.47.

The firm’s 50-day moving average is $11.62 and its 200-day moving average is $11.72. The stock’s market cap is $1.56 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Monday, September 12th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.32 annualized dividend and a dividend yield of 2.72%.

Other hedge funds have recently made changes to their positions in the company. Mutual of America Capital Management LLC raised its stake in shares of 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 during the period. Calvert Investment Management Inc. bought a new stake in shares of Chico’s FAS during the fourth quarter valued at approximately $1,046,000. Trexquant Investment LP bought a new stake in shares of Chico’s FAS during the fourth quarter valued at approximately $1,373,000. Systematic Financial Management LP increased its stake in shares of 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. Finally, Wells Fargo & Company MN increased its stake in shares of Chico’s FAS by 16.9% in the fourth quarter. Wells Fargo & Company MN now owns 954,871 shares of the company’s stock valued at $10,189,000 after buying an additional 138,281 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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