Family Dollar Stores Price Target Increased to $68.00 by Analysts at BMO Capital Markets (FDO)
Analysts at BMO Capital Markets increased their price objective on shares of Family Dollar Stores (NYSE:FDO) from $59.00 to $68.00 in a research report issued to clients and investors on Thursday, Analyst RN reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 2.30% from the company’s current price.
A number of other firms have also recently commented on FDO. Analysts at Canaccord Genuity raised their price target on shares of Family Dollar Stores from $58.00 to $62.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Family Dollar Stores in a research note to investors on Wednesday. They now have a $65.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $66.06.
Family Dollar Stores (NYSE:FDO) traded up 1.30% on Thursday, hitting $69.60. 1,941,672 shares of the company’s stock traded hands. Family Dollar Stores has a one year low of $54.06 and a one year high of $75.29. The stock’s 50-day moving average is $72.08 and its 200-day moving average is $66.21. The company has a market cap of $8.004 billion and a P/E ratio of 18.90.
Family Dollar Stores (NYSE:FDO) last announced its earnings results 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 in the prior year, the company posted $0.75 earnings per share. Analysts expect that Family Dollar Stores will post $4.08 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 1.49%. 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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