Family Dollar Stores Rating Lowered to Neutral at Northcoast Research (FDO)
Family Dollar Stores (NYSE:FDO) was downgraded by equities research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of Family Dollar Stores (NYSE:FDO) traded down 0.17% on Tuesday, hitting $71.90. 129,324 shares of the company’s stock traded hands. 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 $72.12 and a 200-day moving average of $65.67. The company has a market cap of $8.268 billion and a price-to-earnings ratio of 19.81. Family Dollar Stores also was the recipient of unusually large options trading activity on Monday. Traders bought 10,761 put options on the stock. This is an increase of 614% compared to the typical volume of 1,507 put options.
Family Dollar Stores (NYSE:FDO) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the 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 declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, September 11th.
A number of other analysts have also recently weighed in on FDO. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Family Dollar Stores (NYSE:FDO) in a research note to investors on Monday, September 23rd. They now have a $74.00 price target on the stock. Separately, 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, September 23rd. They now have a “neutral” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and four have given a buy rating to the company’s stock. Family Dollar Stores presently has an average rating of “Hold” and an average target price of $65.28.
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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