Family Dollar Stores’s Hold Rating Reaffirmed at Deutsche Bank (FDO)
Family Dollar Stores (NYSE:FDO)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, ARN reports. They currently have a $74.00 price objective on the stock. Deutsche Bank’s price target suggests a potential downside of 0.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Family Dollar Stores (NYSE:FDO) from $60.00 to $70.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, 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. 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 given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $65.28.
Family Dollar Stores (NYSE:FDO) traded up 0.94% during mid-day trading on Monday, hitting $74.03. The stock had a trading volume of 1,410,961 shares. Family Dollar Stores has a 52 week low of $54.06 and a 52 week high of $75.29. The stock has a 50-day moving average of $71. and a 200-day moving average of $65.16. The company has a market cap of $8.513 billion and a price-to-earnings ratio of 20.17.
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 last year, the company posted $1.06 earnings per share. Family Dollar Stores’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that Family Dollar Stores will post $3.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.