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Fred's (NASDAQ:FRED) hit a new 52-week low during trading on Friday , AnalystRatingsNetwork reports. The company traded as low as $14.52 and last traded at $14.70, with a volume of 91,531 shares changing hands. The stock had previously closed at $15.01.

A number of research firms have recently commented on FRED. Analysts at TheStreet downgraded shares of Fred's from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Fred's in a research note on Wednesday, June 4th. They now have a $14.00 price target on the stock. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of Fred's in a research note on Friday, May 30th. They now have a $12.00 price target on the stock, down previously from $14.00. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.50.

The stock has a 50-day moving average of $15.35 and a 200-day moving average of $17.51. The company has a market cap of $546.2 million and a P/E ratio of 26.52.

Fred's (NASDAQ:FRED) last released its earnings data on Thursday, May 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.03. The company had revenue of $498.30 million for the quarter, compared to the consensus estimate of $501.64 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Fred's will post $0.62 earnings per share for the current fiscal year.

Fred’s, Inc is engaged in the sale of general merchandise through its retail discount stores and full-service pharmacies.

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