Family Dollar Stores Receives Consensus Recommendation of “Hold” from Analysts (NYSE:FDO)
Shares of Family Dollar Stores (NYSE:FDO) have earned an average recommendation of “Hold” from the twenty-seven analysts that are covering the stock, AR Network reports. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $62.60.
Shares of Family Dollar Stores (NYSE:FDO) opened at 77.09 on Tuesday. Family Dollar Stores has a 52-week low of $55.64 and a 52-week high of $79.93. The stock has a 50-day moving average of $67.42 and a 200-day moving average of $62.47. The company has a market cap of $8.784 billion and a P/E ratio of 24.95.
Family Dollar Stores (NYSE:FDO) last posted its quarterly earnings results 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.
A number of analysts have recently weighed in on FDO shares. Analysts at Piper Jaffray upgraded shares of Family Dollar Stores from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $74.50 price target on the stock, up previously from $50.00. Separately, 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. Finally, 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.
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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