On Wednesday, Family Dollar Stores released first quarter earnings information. The company said it earned $1.21 per share for the first three months of 2013, which missed the estimate of Wall Street analysts that was $1.22 a share.
The company said revenue was $2.89 billion during the quarter, which was the estimate of analysts. During the same three months of last year, the company earned $1.15 a share. Revenue was up for this quarter by 17.7% compared to the same quarter one year ago.
Several Wall Street analysts also commented on the company stock recently, placing a hold rating on the stock Tuesday. A price target of $57.00 has been set by some Wall Street firms for the discount retailer, while another firm placed a price target of $69.00.
The company said it would have a quarterly dividend, which would take place on April 15. Investors of record, as of March 15 would be paid a $0.26 per share dividend. The previous dividend at Family Dollar Stores was $0.21.
The company operates over 7,400 retail discount stores that have general merchandise across 45 of the 50 U.S. states. It provides consumers with a selection of discounted items from personal care products to packaged foods to books.
