Family Dollar Stores (FDO) to Release Quarterly Earnings on Thursday
Family Dollar Stores (NYSE:FDO) will be issuing its Q1 quarterly earnings data before the market opens on Thursday, January 9th. Individual that wish to listen to the company’s earnings conference call can do so using this link.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of 0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, December 11th.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Family Dollar Stores from $65.00 to $64.00 in a research note to investors on Monday. On a related note, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have given a buy rating to the company’s stock. Family Dollar Stores has a consensus rating of “Hold” and a consensus target price of $66.41.
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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