Family Dollar Stores Hits New 1-Year High at $75.53 (FDO)
Family Dollar Stores (NYSE:FDO)’s share price reached a new 52-week high during trading on Monday , AnalystRatingsNetwork.com reports. The stock traded as high as $75.53 and last traded at $75.39, with a volume of 24,914,004 shares trading hands. The stock had previously closed at $60.66.
A number of research firms have recently commented on FDO. Analysts at Zacks upgraded shares of Family Dollar Stores from an “underperform” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $63.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Family Dollar Stores from $58.00 to $67.00 in a research note on Friday, July 11th. They now have a “neutral” rating on the stock. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of Family Dollar Stores in a research note on Friday, July 11th. They now have a $57.00 price target on the stock. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $62.00.
The stock’s 50-day moving average is $64.82 and its 200-day moving average is $61.70. The company has a market cap of $8.630 billion and a price-to-earnings ratio of 19.82.
Family Dollar Stores (NYSE:FDO) last released its earnings data on Thursday, July 10th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Family Dollar Stores will post $3.09 earnings per share 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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