Family Dollar Stores Inc. Sets New 1-Year High at $74.61 (FDO)
Family Dollar Stores (NYSE:FDO) set a new 52-week high on Wednesday, ARN reports. The company traded as high as $74.61 and last traded at $74.47, with a volume of 787,999 shares. The stock had previously closed at $72.74.
A number of analysts have recently weighed in on FDO shares. Analysts at Avondale Partners downgraded shares of Family Dollar Stores (NYSE:FDO) from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, September 3rd. Separately, analysts at Deutsche Bank downgraded shares of Family Dollar Stores (NYSE:FDO) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 26th. They now have a $74.00 price target on the stock, up previously from $70.00. They noted that the move was a valuation call. Finally, analysts at Johnson Rice downgraded shares of Family Dollar Stores (NYSE:FDO) from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, August 2nd.
One analyst has rated the stock with a sell rating, twenty have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.28.
Family Dollar Stores has a one year low of $54.06 and a one year high of $74.44. The stock’s 50-day moving average is $71.33 and its 200-day moving average is $64.72. The company has a market cap of $8.563 billion and a P/E ratio of 20.01.
Family Dollar Stores (NYSE:FDO) last released its earnings data on Wednesday, July 10th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.02. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that Family Dollar Stores will post $3.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, September 11th.
Family Dollar Stores, Inc operates a chain of more than 7,400 general merchandise retail discount stores in 45 states, providing consumers with a selection of merchandise in neighborhood stores.
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