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Family Dollar Stores (NYSE:FDO) shares reached a new 52-week high on Tuesday , Analyst Ratings Network.com reports. The stock traded as high as $80.97 and last traded at $80.26, with a volume of 1,638,880 shares. The stock had previously closed at $79.83.

FDO has been the subject of a number of recent research reports. Analysts at MKM Partners raised their price target on shares of Family Dollar Stores from $74.50 to $78.50 in a research note on Tuesday, August 19th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays upgraded shares of Family Dollar Stores from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, August 19th. They now have a $82.00 price target on the stock, up previously from $50.00. Finally, 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. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company’s stock. Family Dollar Stores has an average rating of “Hold” and a consensus price target of $64.67.

The stock has a 50-day moving average of $72.52 and a 200-day moving average of $64.19. The company has a market cap of $9.146 billion and a P/E ratio of 26.08.

Family Dollar Stores (NYSE:FDO) last posted its quarterly earnings results on Thursday, July 10th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters 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.

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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