Family Dollar Stores Downgraded by MKM Partners to “Neutral” (FDO)
Family Dollar Stores (NYSE:FDO) was downgraded by analysts at MKM Partners from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on FDO. 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. Separately, 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 equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company. Family Dollar Stores currently has a consensus rating of “Hold” and a consensus price target of $65.69.
Family Dollar Stores (NYSE:FDO) opened at 62.35 on Thursday. Family Dollar Stores has a 1-year low of $54.06 and a 1-year high of $75.29. The stock’s 50-day moving average is $66.59 and its 200-day moving average is $68.. The company has a market cap of $7.177 billion and a price-to-earnings ratio of 17.32.
Family Dollar Stores (NYSE:FDO) last posted its quarterly earnings results on Thursday, January 9th. The company reported $0.68 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.01. The company had revenue of $2.50 million for the quarter, compared to the consensus estimate of $2.51 million. During the same quarter last year, the company posted $0.69 earnings per share. Family Dollar Stores’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Family Dollar Stores will post $3.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders 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 1.57%. The ex-dividend date of this dividend 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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