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Investment analysts at Sterne Agee lowered their price target on shares of Family Dollar Stores (NYSE: FDO) from $62.00 to $61.00 in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Sterne Agee’s price objective suggests a potential downside of 3.66% from the stock’s previous close.
Shares of Family Dollar Stores (NYSE: FDO) traded down 0.03% during mid-day trading on Tuesday, hitting $63.32. Family Dollar Stores has a one year low of $54.06 and a one year high of $72.54. The stock’s 50-day moving average is currently $62.64. The company has a market cap of $7.279 billion and a P/E ratio of 17.36.
Family Dollar Stores (NYSE: FDO) last released its earnings data on Wednesday, April 10th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.01. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Family Dollar Stores has set its Q3 guidance at $0.98-1.08 EPS and its FY13 guidance at $3.73-3.93 EPS. On average, analysts predict that Family Dollar Stores will post $3.78 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Family Dollar Stores in a research note to investors on Monday. They now have a $70.00 price target on the stock. Finally, analysts at Buckingham Research downgraded shares of Family Dollar Stores from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, May 16th.
Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $63.44.
The company also recently announced a quarterly dividend, which is scheduled for Monday, July 15th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, June 12th.
Family Dollar Stores, Inc operates a chain of more than 7,400 general merchandise retail discount stores in 45 states, providing consumers with a selection of merchandise in neighborhood stores.Image may be NSFW.
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