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Family Dollar Stores (NYSE:FDO)’s share price reached a new 52-week high during trading on Tuesday after MKM Partners raised their price target on the stock from $74.50 to $78.50, AR Network reports. MKM Partners currently has a neutral rating on the stock. Family Dollar Stores traded as high as $80.10 and last traded at $80.00, with a volume of 2,792,555 shares traded. The stock had previously closed at $79.81.

A number of other firms have also recently commented on FDO. 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 given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.67.

The stock has a 50-day moving average of $68.94 and a 200-day moving average of $63.04. The company has a market cap of $9.082 billion and a P/E ratio of 26.07. Family Dollar Stores also was the recipient of unusually large options trading on Monday. Investors purchased 12,127 call options on the company. This is an increase of approximately 201% compared to the typical volume of 4,026 call options.

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. 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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