Family Dollar Stores PT Raised to $62.00 (FDO)
Research analysts at Wedbush upped their target price on shares of Family Dollar Stores (NYSE:FDO) from $59.00 to $62.00 in a report released on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Wedbush’s target price would suggest a potential downside of 10.92% from the stock’s previous close.
Shares of Family Dollar Stores (NYSE:FDO) traded up 1.30% on Thursday, hitting $69.60. The stock had a trading volume of 1,941,672 shares. Family Dollar Stores has a one year low of $54.06 and a one 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 P/E 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 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. 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. Shareholders 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 firms have also recently commented on FDO. Analysts at Goldman Sachs Group Inc. cut their price target on shares of Family Dollar Stores from $70.00 to $67.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One investment 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, 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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