Family Dollar Stores Given Underperform Rating at Zacks (FDO)
Family Dollar Stores (NYSE:FDO)‘s stock had its “underperform” rating reiterated by Zacks in a research report issued on Thursday. They currently have a $61.00 target price on the stock. Zacks‘s target price would suggest a potential downside of 10.58% from the company’s current price.
A number of other analysts have also recently weighed in on FDO. Analysts at Bank of America reiterated an “underperform” rating on shares of Family Dollar Stores in a research note on Tuesday, June 10th. They now have a $53.00 price target on the stock. Separately, analysts at S&P Equity Research downgraded shares of Family Dollar Stores to a “strong sell” rating in a research note on Monday, June 9th. Finally, analysts at Gilford Securities upgraded shares of Family Dollar Stores from a “sell” rating to a “neutral” rating in a research note on Monday, June 9th. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $61.52.
Family Dollar Stores (NYSE:FDO) traded down 0.03% on Thursday, hitting $68.20. The stock had a trading volume of 225,629 shares. Family Dollar Stores has a 52-week low of $55.64 and a 52-week high of $75.29. The stock’s 50-day moving average is $60.04 and its 200-day moving average is $61.9. The company has a market cap of $7.763 billion and a price-to-earnings ratio of 20.05.
Family Dollar Stores (NYSE:FDO) last issued its quarterly 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, June 11th.
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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