Insider Selling: Bryan Venberg Sells 5,795 Shares of Family Dollar Stores Stock (FDO)
Family Dollar Stores (NYSE:FDO) SVP Bryan Venberg sold 5,795 shares of the stock on the open market in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $65.21, for a total transaction of $377,891.95. Following the transaction, the senior vice president now directly owns 16,974 shares in the company, valued at approximately $1,106,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on FDO shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Family Dollar Stores in a research note to investors on Friday. They now have a $60.00 price target on the stock, down previously from $70.00. Separately, analysts at Zacks downgraded shares of Family Dollar Stores from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $59.00 price target on the stock. Finally, analysts at Raymond James downgraded shares of Family Dollar Stores from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $63.00.
Family Dollar Stores (NYSE:FDO) traded up 1.06% during mid-day trading on Friday, hitting $65.50. The stock had a trading volume of 6,674,494 shares. Family Dollar Stores has a one year low of $54.06 and a one year high of $75.29. The stock has a 50-day moving average of $65.67 and a 200-day moving average of $69.04. The company has a market cap of $7.451 billion and a P/E ratio of 16.95.
Family Dollar Stores (NYSE:FDO) last released its earnings data on Thursday, January 9th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Family Dollar Stores will post $3.40 earnings per share 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.
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