Fred’s, Inc. (NASDAQ:FRED) announced a quarterly dividend on Friday, August 18th, RTT News reports. Shareholders of record on Friday, September 1st will be paid a dividend of 0.06 per share on Friday, September 15th. This represents a $0.24 annualized dividend and a yield of 3.97%.

Shares of Fred’s (NASDAQ:FRED) traded up 0.67% during midday trading on Friday, reaching $6.04. 332,184 shares of the company’s stock traded hands. Fred’s has a one year low of $5.62 and a one year high of $21.77. The firm’s market capitalization is $229.83 million. The stock’s 50-day moving average price is $6.75 and its 200 day moving average price is $12.38.

Fred’s (NASDAQ:FRED) last posted its quarterly earnings results on Tuesday, June 6th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.03. Fred’s had a negative return on equity of 3.93% and a negative net margin of 4.94%. The business had revenue of $532.32 million during the quarter, compared to the consensus estimate of $520.28 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities research analysts expect that Fred’s will post ($0.41) earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. ValuEngine downgraded Fred’s from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Deutsche Bank AG restated a “hold” rating and issued a $17.00 price target (down from $19.00) on shares of Fred’s in a research note on Saturday, June 3rd. Finally, TheStreet downgraded Fred’s from a “c-” rating to a “d” rating in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Fred’s has a consensus rating of “Hold” and an average target price of $14.25.

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Fred’s Company Profile

Fred’s, Inc (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States.

Dividend History for Fred`s (NASDAQ:FRED)

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