Family Dollar Stores Stock Rating Reaffirmed by Deutsche Bank (FDO)
Family Dollar Stores (NYSE:FDO)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Wednesday, AmericanBankingNews.com reports. They currently have a $65.00 target price on the stock. Deutsche Bank’s target price points to a potential downside of 6.41% from the company’s current price.
Shares of Family Dollar Stores (NYSE:FDO) traded down 2.07% during mid-day trading on Wednesday, hitting $68.0099. 2,269,397 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 $72.15 and a 200-day moving average of $66.19. The company has a market cap of $7.821 billion and a P/E ratio of 19.10.
Family Dollar Stores (NYSE:FDO) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.02. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the company posted $0.75 earnings per share. 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. 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 1.50%. The ex-dividend date is Wednesday, September 11th.
Several other analysts have also recently commented on the stock. Analysts at MKM Partners raised their price target on shares of Family Dollar Stores from $73.00 to $78.00 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. Separately, analysts at Northcoast Research downgraded shares of Family Dollar Stores from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Family Dollar Stores 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. One investment 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. The company currently has a consensus rating of “Hold” and an average price target of $65.33.
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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