Barclays Says Changes in Family Dollar Stores (FDO) Gradual; Cutting Estimates as Bar Reset
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Price: $64.02 --0%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade FDO Now!
Barclays maintains an 'Equalweight' on Family Dollar Stores Inc. (NYSE: FDO) price target of $73.00.
Analyst, Meredith Adler, says the company is making steps in the right direction, with numerous efforts, however, with a lot going on right now, the improvement in sales isn't showing up. FDO management is bullish, but Adler debates on how long it will actually take for customers to notice the changes.
Overall, Adler thinks shares look fairly valued, after falling 9% from a 52-wk in the past 2 weeks. She felt the stock may have gotten ahead of itself and the Q3 miss may have set the bar lower. For Q4, Alder lowers EPS estimates from $0.84 to $0.76, FY12 from $3.74 to $3.65 and FY13 from $4.43 to $4.27.
For an analyst ratings summary and ratings history on Family Dollar Stores Inc. click here. For more ratings news on Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $67.20 yesterday, with a 52 week range of $44.42-$74.73.
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Analyst, Meredith Adler, says the company is making steps in the right direction, with numerous efforts, however, with a lot going on right now, the improvement in sales isn't showing up. FDO management is bullish, but Adler debates on how long it will actually take for customers to notice the changes.
Overall, Adler thinks shares look fairly valued, after falling 9% from a 52-wk in the past 2 weeks. She felt the stock may have gotten ahead of itself and the Q3 miss may have set the bar lower. For Q4, Alder lowers EPS estimates from $0.84 to $0.76, FY12 from $3.74 to $3.65 and FY13 from $4.43 to $4.27.
For an analyst ratings summary and ratings history on Family Dollar Stores Inc. click here. For more ratings news on Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $67.20 yesterday, with a 52 week range of $44.42-$74.73.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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