Family Dollar Stores Price Target Increased to $62.00 by Analysts at Sterne Agee (FDO)
Analysts at Sterne Agee lifted their price target on shares of Family Dollar Stores (NYSE:FDO) from $61.00 to $62.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Sterne Agee’s target price points to a potential downside of 11.06% from the company’s current price.
Shares of Family Dollar Stores (NYSE:FDO) traded up 0.16% on Friday, hitting $69.71. 1,078,208 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 $72.01 and its 200-day moving average is $66.23. The company has a market cap of $8.017 billion and a price-to-earnings ratio of 19.14.
Family Dollar Stores (NYSE:FDO) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters 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.
Several other analysts have also recently commented on the stock. Analysts at Wedbush raised their price target on shares of Family Dollar Stores from $59.00 to $62.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One 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 stock. The stock presently has an average rating of “Hold” and a consensus price target of $66.11.
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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