Family Dollar Stores, Inc. Declares Quarterly Dividend of $0.31 (FDO)
Family Dollar Stores (NYSE:FDO) declared a quarterly dividend on Monday, June 2nd, AnalystRatings.NET reports. Investors of record on Friday, June 13th will be given a dividend of 0.31 per share on Tuesday, July 15th. This represents a $1.24 dividend on an annualized basis and a yield of 2.11%.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Family Dollar Stores from $60.00 to $56.00 in a research note on Tuesday, May 6th. They now have a “neutral” rating on the stock. On a related note, analysts at Zacks reiterated an “underperform” rating on shares of Family Dollar Stores in a research note on Thursday, April 17th. They now have a $52.00 price target on the stock. Finally, analysts at Sterne Agee upgraded shares of Family Dollar Stores from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $55.00 price target on the stock, up previously from $50.00. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.00.
Family Dollar Stores (NYSE:FDO) traded up 0.07% during mid-day trading on Monday, hitting $58.64. The stock had a trading volume of 1,618,317 shares. Family Dollar Stores has a one year low of $55.64 and a one year high of $75.29. The stock has a 50-day moving average of $57.38 and a 200-day moving average of $62.48. The company has a market cap of $6.675 billion and a price-to-earnings ratio of 17.23.
Family Dollar Stores (NYSE:FDO) last released its earnings data on Thursday, April 10th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.10. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts expect that Family Dollar Stores will post $3.15 EPS for the current fiscal year.
Family Dollar Stores, Inc (NYSE:FDO) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores.
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