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Fred's (NASDAQ:FRED) declared a quarterly dividend on Monday, August 25th, Stock Ratings News reports. Stockholders of record on Friday, September 5th will be given a dividend of 0.06 per share on Monday, September 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.53%.

FRED has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Fred's from an “underperform” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $17.00 price target on the stock. On the ratings front, analysts at TheStreet downgraded shares of Fred's from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of Fred's in a research note on Friday, May 30th. They now have a $12.00 price target on the stock, down previously from $14.00. Seven equities research analysts have rated the stock with a hold rating, Fred's currently has a consensus rating of “Hold” and an average price target of $15.25.

Fred's (NASDAQ:FRED) opened at 15.73 on Monday. Fred's has a 52 week low of $14.53 and a 52 week high of $21.05. The stock has a 50-day moving average of $15.75 and a 200-day moving average of $16.99. The company has a market cap of $579.7 million and a P/E ratio of 28.06.

Fred's (NASDAQ:FRED) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.03. The company had revenue of $498.30 million for the quarter, compared to the consensus estimate of $501.64 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Analysts expect that Fred's will post $0.25 EPS for the current fiscal year.

Fred’s, Inc is engaged in the sale of general merchandise through its retail discount stores and full-service pharmacies.

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