Fred's (FRED) Earning Somewhat Favorable Media Coverage, Accern Reports

Media coverage about Fred's (NASDAQ:FRED) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fred's earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the company an impact score of 42.6906162317416 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Several brokerages have weighed in on FRED. Zacks Investment Research lowered shares of Fred's from a “hold” rating to a “strong sell” rating in a research report on Monday, December 11th. Loop Capital restated a “hold” rating and set a $4.00 target price on shares of Fred's in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

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Shares of FRED stock traded up $0.24 on Friday, reaching $2.75. 1,196,444 shares of the company’s stock traded hands, compared to its average volume of 1,220,057. The company has a quick ratio of 0.44, a current ratio of 1.78 and a debt-to-equity ratio of 0.77. Fred's has a one year low of $2.36 and a one year high of $16.27. The firm has a market capitalization of $95.95, a price-to-earnings ratio of -0.74 and a beta of 1.53.

Fred's declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 6th that authorizes the company to buyback 3,800,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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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.

Insider Buying and Selling by Quarter for Fred's (NASDAQ:FRED)

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