Family Dollar Stores’s “Neutral” Rating Reaffirmed at Zacks (FDO)
Family Dollar Stores (NYSE:FDO)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Thursday, Stock Ratings Network.com reports. They currently have a $73.00 target price on the stock. Zacks‘ price target would indicate a potential upside of 2.86% from the company’s current price.
In other Family Dollar Stores news, CEO Howard Levine sold 172,415 shares of Family Dollar Stores stock on the open market in a transaction dated Monday, October 14th. The stock was sold at an average price of $69.71, for a total value of $12,019,049.65. Following the transaction, the chief executive officer now directly owns 4,295,477 shares of the company’s stock, valued at approximately $299,437,702. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also recently commented on FDO. 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, October 11th. 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 given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $66.22.
Shares of Family Dollar Stores (NYSE:FDO) traded up 2.25% on Thursday, hitting $70.97. 1,711,351 shares of the company’s stock traded hands. Family Dollar Stores has a 52-week low of $54.06 and a 52-week high of $74.44. The stock’s 50-day moving average is $71.09 and its 200-day moving average is $64.40. The company has a market cap of $8.164 billion and a price-to-earnings ratio of 18.12.
Family Dollar Stores (NYSE:FDO) last announced its earnings results 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. Analysts expect that Family Dollar Stores will post $4.00 EPS for the current fiscal year.
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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.