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Fred's (NASDAQ:FRED) SVP Teresa Gabor purchased 67 shares of the stock on the open market in a transaction that occurred on Friday, July 11th. The shares were purchased at an average cost of $13.00 per share, with a total value of $871.00. Following the transaction, the senior vice president now directly owns 5,703 shares of the company’s stock, valued at approximately $74,139. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

FRED has been the subject of a number of recent research reports. 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 assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.50.

Shares of Fred's (NASDAQ:FRED) opened at 14.81 on Monday. Fred's has a 52-week low of $14.53 and a 52-week high of $21.05. The stock’s 50-day moving average is $15.31 and its 200-day moving average is $17.48. The company has a market cap of $545.8 million and a P/E ratio of 26.18.

Fred's (NASDAQ:FRED) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that Fred's will post $0.63 EPS 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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