Family Dollar Stores (NYSE:FDO) announced a quarterly dividend on Monday, June 3rd, AnalystRatingsNetwork reports. Stockholders of record on Friday, June 14th will be paid a dividend of $0.26 per share on Monday, July 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.70%.
A number of analysts have recently weighed in on FDO shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Family Dollar Stores in a research note to investors on Friday, May 17th. They now have a $71.00 price target on the stock. On a related note, 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. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Family Dollar Stores in a research note to investors on Wednesday, May 8th.
Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. Family Dollar Stores presently has an average rating of “Hold” and a consensus price target of $63.69.
Shares of Family Dollar Stores (NYSE: FDO) traded up 0.78% during mid-day trading on Monday, hitting $61.63. Family Dollar Stores has a 52 week low of $54.06 and a 52 week high of $74.73. The stock’s 50-day moving average is currently $62.75. The company has a market cap of $7.085 billion and a P/E ratio of 16.76.
Family Dollar Stores (NYSE: FDO) last announced its earnings results on Wednesday, April 10th. The company reported $1.21 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue 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. Analysts expect that Family Dollar Stores will post $3.78 EPS for the current fiscal year.
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.