Family Dollar Stores Upgraded to “Equal Weight” at Barclays (FDO)
Family Dollar Stores (NYSE:FDO) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday. The firm currently has a $82.00 target price on the stock, up from their previous target price of $50.00. Barclays’ price objective would suggest a potential upside of 2.74% from the company’s current price.
FDO has been the subject of a number of other recent research reports. 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. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $64.12.
Shares of Family Dollar Stores (NYSE:FDO) opened at 79.81 on Tuesday. Family Dollar Stores has a one year low of $55.64 and a one year high of $80.01. 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 $9.094 billion and a price-to-earnings ratio of 26.07. Family Dollar Stores also saw unusually large options trading activity on Monday. Stock traders acquired 12,127 call options on the company. This is an increase of 201% compared to the average daily volume of 4,026 call options.
Family Dollar Stores (NYSE:FDO) last issued its quarterly 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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