Family Dollar Stores Upgraded by Piper Jaffray to Neutral (FDO)
Family Dollar Stores (NYSE:FDO) was upgraded by investment analysts at Piper Jaffray from an “underweight” rating to a “neutral” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $74.50 price objective on the stock, up from their previous price objective of $50.00. Piper Jaffray’s price target points to a potential downside of 1.64% from the company’s current price.
A number of other firms have also 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 research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have given a buy rating to the stock. Family Dollar Stores presently has a consensus rating of “Hold” and a consensus price target of $62.60.
Shares of Family Dollar Stores (NYSE:FDO) traded up 0.01% on Tuesday, hitting $75.7501. The stock had a trading volume of 2,000,407 shares. Family Dollar Stores has a one year low of $55.64 and a one year high of $76.82. The stock’s 50-day moving average is $65. and its 200-day moving average is $61.72. The company has a market cap of $8.632 billion and a P/E ratio of 24.74. Family Dollar Stores also was the target of unusually large options trading activity on Monday. Stock investors purchased 24,392 call options on the company. This is an increase of 689% compared to the average daily volume of 3,091 call options.
Family Dollar Stores (NYSE:FDO) last released its earnings data on Thursday, July 10th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.05 earnings per share. Family Dollar Stores’s revenue was up 3.3% compared to the same quarter last year. Analysts expect that Family Dollar Stores will post $3.09 EPS 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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