Family Dollar Stores EVP Barry Sullivan Unloads 15,762 Shares (FDO)
Family Dollar Stores (NYSE:FDO) EVP Barry Sullivan sold 15,762 shares of Family Dollar Stores stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $69.35, for a total value of $1,093,094.70. Following the transaction, the executive vice president now directly owns 26,700 shares of the company’s stock, valued at approximately $1,851,645. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Family Dollar Stores (NYSE:FDO) traded down 1.02% during mid-day trading on Tuesday, hitting $68.92. The stock had a trading volume of 1,116,610 shares. 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 $71.75 and its 200-day moving average is $66.49. The company has a market cap of $7.929 billion and a P/E ratio of 18.18.
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 $4.00 earnings per share 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 1.51%. The ex-dividend date is Wednesday, September 11th.
Several analysts have recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of Family Dollar Stores from $61.00 to $62.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, 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, October 10th. They now have a “neutral” rating on the stock. Finally, 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, October 10th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and four have assigned a buy rating to the company’s stock. Family Dollar Stores currently has an average rating of “Hold” and a consensus target price 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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