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Family Dollar Stores (NYSE:FDO) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report released on Tuesday, StockRatingsNetwork.com reports. They currently have a $54.00 price objective on the stock, down from their previous price objective of $67.00. Barclays’ target price would indicate a potential downside of 16.18% from the company’s current price.

A number of other analysts have also recently weighed in on FDO. Analysts at Wolfe Research upgraded shares of Family Dollar Stores from an “underperform” rating to a “market perform” rating in a research note to investors on Friday. Separately, analysts at Gilford Securities downgraded shares of Family Dollar Stores from a “hold” rating to a “sell” rating in a research note to investors on Friday. Finally, analysts at Telsey Advisory Group cut their price target on shares of Family Dollar Stores from $62.00 to $60.00 in a research note to investors on Friday. They now have a “not rated” rating on the stock. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $64.12.

Shares of Family Dollar Stores (NYSE:FDO) traded down 0.89% on Tuesday, hitting $64.42. 4,394,909 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’s 50-day moving average is $65.9 and its 200-day moving average is $69.10. The company has a market cap of $7.329 billion and a price-to-earnings ratio of 17.00.

Family Dollar Stores (NYSE:FDO) last announced its earnings results on Thursday, January 9th. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts predict that Family Dollar Stores will post $3.51 earnings per share for the current fiscal year.

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 1.61%. 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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