Fred’s Inc. (NASDAQ:FRED) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $10.98 and last traded at $11.90, with a volume of 210,468 shares trading hands. The stock had previously closed at $12.56.

FRED has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Fred’s from a “strong sell” rating to a “hold” rating in a research note on Friday, May 27th. Deutsche Bank AG boosted their price target on shares of Fred’s from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, May 31st. MKM Partners reissued a “hold” rating on shares of Fred’s in a research note on Tuesday, May 31st. Finally, Sidoti initiated coverage on shares of Fred’s in a research note on Wednesday, July 6th. They issued a “neutral” rating and a $17.00 price target on the stock.

The firm’s market cap is $445.23 million. The firm has a 50 day moving average of $14.69 and a 200 day moving average of $14.74.

Fred’s (NASDAQ:FRED) last posted its earnings results on Tuesday, August 30th. The company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.03. The business had revenue of $529.50 million for the quarter. During the same period in the prior year, the business earned ($0.13) EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, analysts predict that Fred’s Inc. will post $0.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.24 annualized dividend and a yield of 2.01%.

In other Fred’s news, Director Michael Hayes sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $15.20, for a total transaction of $76,000.00. Following the completion of the transaction, the director now directly owns 1,586,066 shares in the company, valued at approximately $24,108,203.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A hedge fund recently raised its stake in Fred’s stock. Dimensional Fund Advisors LP boosted its stake in Fred’s Inc. (NASDAQ:FRED) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,093,951 shares of the company’s stock after buying an additional 54,483 shares during the period. Dimensional Fund Advisors LP owned 8.28% of Fred’s worth $50,648,000 at the end of the most recent quarter.

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.

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