Family Dollar Stores PT Lowered to $67.00 (FDO)
Research analysts at Goldman Sachs Group Inc. dropped their price target on shares of Family Dollar Stores (NYSE:FDO) from $70.00 to $67.00 in a report released on Thursday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential downside of 3.74% from the stock’s previous close.
Shares of 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 1-year low of $54.06 and a 1-year high of $75.29. The stock has a 50-day moving average of $72.08 and a 200-day moving average of $66.21. The company has a market cap of $8.004 billion and a price-to-earnings ratio of 18.90.
Family Dollar Stores (NYSE:FDO) last released its earnings data on Wednesday, October 9th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.75 earnings per share. On average, analysts predict that Family Dollar Stores will post $4.08 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 1.49%. The ex-dividend date is Wednesday, September 11th.
A number of other analysts have also recently weighed in on FDO. Analysts at Citigroup Inc. cut their price target on shares of Family Dollar Stores from $77.00 to $76.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Family Dollar Stores from $59.00 to $68.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $66.06.
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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