Family Dollar Stores Given New $64.00 Price Target at Deutsche Bank (FDO)
Analysts at Deutsche Bank cut their target price on shares of Family Dollar Stores (NYSE:FDO) from $65.00 to $64.00 in a research report issued to clients and investors on Monday, Stock Ratings News reports. Deutsche Bank’s price target indicates a potential downside of 2.65% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Family Dollar Stores in a research note to investors on Tuesday, December 31st. They now have a $68.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Family Dollar Stores from $63.00 to $71.00 in a research note to investors on Tuesday, December 17th. They now have an “outperform” rating on the stock. Finally, analysts at Sterne Agee downgraded shares of Family Dollar Stores from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, December 6th. They now have a $56.00 price target on the stock, down previously from $62.00. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the stock. Family Dollar Stores presently has a consensus rating of “Hold” and a consensus target price of $66.41.
Shares of Family Dollar Stores (NYSE:FDO) traded down 1.01% during mid-day trading on Monday, hitting $65.74. 2,617,584 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 $75.29. The stock has a 50-day moving average of $66.85 and a 200-day moving average of $68.91. The company has a market cap of $7.567 billion and a P/E ratio of 17.34.
Family Dollar Stores (NYSE:FDO) last announced its earnings results 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. On average, analysts predict that Family Dollar Stores will post $3.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of 0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, December 11th.
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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