Morgan Stanley Raises Family Dollar Stores EPS Estimates (FDO)
Morgan Stanley (NYSE: MS) raised their EPS estimates on shares of Family Dollar Stores (NYSE: FDO) in a research note issued on Wednesday. The firm currently has an “overweight” rating and a $77.00 price target on the company’s shares.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Family Dollar Stores in a research note to investors on Wednesday, April 4th. They now have a $67.00 price target on the stock. Separately, analysts at Buckingham Research upgraded shares of Family Dollar Stores from an “underperform” rating to a “buy” rating in a research note to investors on Tuesday, April 3rd. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Family Dollar Stores from $63.00 to $68.00 in a research note to investors on Thursday, March 29th. They now have an “overweight” rating on the stock.
Shares of Family Dollar Stores traded up 0.09% during mid-day trading on Wednesday, hitting $68.59. Family Dollar Stores has a 52 week low of $44.42 and a 52 week high of $69.50. The company has a market cap of $8.007 billion and a P/E ratio of 20.17.
The company last announced its quarterly results on Wednesday, March 28th. It reported $1.15 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.13 EPS by $0.02. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Family Dollar Stores will post $0.76 earnings per share next quarter.
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.