Investment Analysts’ Weekly Ratings Changes for Family Dollar Stores (FDO)
Several investment firms have updated their stock ratings and price targets on shares of Family Dollar Stores (NYSE: FDO) in the last week:
- Family Dollar Stores had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $72.00 price target on the stock.
- Family Dollar Stores had its “equalweight” rating reaffirmed by analysts at Barclays Capital. They now have a $73.00 price target on the stock.
- Family Dollar Stores had its “buy” rating reaffirmed by analysts at Goldman Sachs.
- Family Dollar Stores had its price target raised by analysts at Canaccord Genuity to $70.00. They wrote, “We expect gross margins to remain under pressure through FY13 as FDO continues to expand its assortment of lower-margin consumables. Our projections call for 25bps of gross margin deterioration in FY13 versus our prior forecast of a 5bps improvement. We are lowering our FY13 EPS estimate by $0.01 to $4.19. Management guided for FY13 EPS of $4.10-$4.40, and prior consensus was $4.22. … We are raising our DCF-generated price target from $65 to $70 as we roll our model forward one year.”
- Family Dollar Stores is now covered by analysts at Credit Suisse. They set an “outperform” rating and a $81.00 price target on the stock. They wrote, “Family Dollar represents a compelling investment idea in our view. It’s clear that the company has the potential for significant earnings upside given the large gap in operating performance versus Dollar General, but choppy execution has created investor skepticism and prevented this upside from being reflected in the stock. While some inconsistency may continue in the near-term, we believe the company is finally on the cusp of a more meaningful improvement. Bolstered by new management (Mike Bloom) with critical small box experience, Family Dollar has recently accelerated the roll-out of multiple initiatives that we believe will drive industry leading comps for the first time in years, upside to earnings, and a revaluation of the stock.”
- Family Dollar Stores had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $72.00 price target on the stock.
Shares of Family Dollar Stores, Inc. traded up 0.48% during mid-day trading on Friday, hitting $68.98. Family Dollar Stores, Inc. has a one year low of $51.52 and a one year high of $74.73. The company has a market cap of $8.061 billion and a P/E ratio of 19.33.
Family Dollar Stores, Inc. (Family Dollar) operates a chain of more than 7,000 general merchandise retail discount stores in 44 states, providing primarily consumers with a selection of merchandise in neighborhood stores.