Chico’s FAS Inc. (NYSE:CHS) dropped 3.1% during trading on Tuesday . The stock traded as low as $11.43 and last traded at $11.46, with a volume of 2,145,068 shares. The stock had previously closed at $11.83.

CHS has been the subject of several research reports. FBR & Co reiterated a “buy” rating on shares of Chico’s FAS in a research note on Sunday, May 29th. Citigroup Inc. lowered their price objective on shares of Chico’s FAS from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, May 27th. Zacks Investment Research downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Stifel Nicolaus reiterated a “buy” rating on shares of Chico’s FAS in a research note on Sunday, May 29th. Finally, MKM Partners lowered their price objective on shares of Chico’s FAS from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, May 26th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Chico’s FAS has an average rating of “Hold” and an average price target of $13.28.

The firm’s market cap is $1.49 billion. The firm has a 50-day moving average price of $11.66 and a 200-day moving average price of $11.77.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $635.70 million for the quarter, compared to analyst estimates of $632.49 million. During the same quarter in the prior year, the company earned $0.26 EPS. Equities research analysts anticipate that Chico’s FAS Inc. will post $0.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Monday, September 12th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, September 8th.

An institutional investor recently raised its position in Chico’s FAS stock. Wells Fargo & Company MN raised its position in Chico’s FAS Inc. (NYSE:CHS) by 16.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 954,871 shares of the company’s stock after buying an additional 138,281 shares during the period. Wells Fargo & Company MN owned approximately 0.70% of Chico’s FAS worth $10,189,000 at the end of the most recent 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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