Family Dollar Stores Price Target Raised to $78.50 at MKM Partners (FDO)
MKM Partners hoisted their price target on shares of Family Dollar Stores (NYSE:FDO) from $74.50 to $78.50 in a research note issued on Tuesday. The firm currently has a “neutral” rating on the stock. MKM Partners’ price objective would suggest a potential downside of 1.64% from the stock’s previous close.
Shares of Family Dollar Stores (NYSE:FDO) traded up 0.18% during mid-day trading on Tuesday, hitting $79.95. The stock had a trading volume of 1,918,272 shares. Family Dollar Stores has a 52-week low of $55.64 and a 52-week high of $80.01. The stock’s 50-day moving average is $68.94 and its 200-day moving average is $63.04. The company has a market cap of $9.110 billion and a price-to-earnings ratio of 26.07. Family Dollar Stores also saw some unusual options trading activity on Monday. Stock traders bought 12,127 call options on the company. This is an increase of approximately 201% compared to the typical daily volume of 4,026 call options.
Family Dollar Stores (NYSE:FDO) last posted its quarterly earnings results 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.
FDO has been the subject of a number of other recent research reports. Analysts at Barclays upgraded shares of Family Dollar Stores from an “underweight” rating to an “equal weight” rating in a research note on Tuesday. They now have a $82.00 price target on the stock, up previously from $50.00. Separately, 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. Finally, 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. Five analysts have rated the stock with a sell rating, seventeen have issued 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 price target of $64.67.
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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