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Fred's (NASDAQ:FRED) VP Ronald T. Kay purchased 247 shares of the stock in a transaction dated Friday, July 11th. The shares were purchased at an average cost of $13.00 per share, for a total transaction of $3,211.00. Following the transaction, the vice president now directly owns 2,647 shares in the company, valued at approximately $34,411. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. 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 company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.50.

Shares of Fred's (NASDAQ:FRED) traded down 1.27% on Friday, hitting $14.82. 215,032 shares of the company’s stock traded hands. Fred's has a 52 week low of $14.53 and a 52 week high of $21.05. The stock has a 50-day moving average of $15.31 and a 200-day moving average of $17.48. The company has a market cap of $546.2 million and a P/E ratio of 26.52.

Fred's (NASDAQ:FRED) last announced its earnings results on Thursday, May 29th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.31 earnings per share. Fred's’s revenue was down .6% compared to the same quarter last year. 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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