Deutsche Bank on Family Dollar Stores (FDO); Disappointing Results; Gap Widens Versus Dollar General (DG)

June 28, 2012 9:18 AM EDT
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Price: $79.39 --0%

Rating Summary:
    0 Buy, 23 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 37 | New: 34
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Deutsche Bank maintains a 'Hold' on Family Dollar Stores Inc. (NYSE: FDO) price target of $66.00.

Deutsche analyst said investors were hoping Family Dollar's new COO hire would help close the gap versus Dollar General (NYSE: DG). However, it seems more like the J.C. Penney (NYSE: JCP) scenario, where expectations were too high. Couple that with Q3 earnings that missed estimates this morning, same-store sales that fell short and inventory levels up 22% year-over-year.

Deutsche Bank cuts Q4 EPS estimate from $0.80 to $0.76 and same-store sales from 6.5% to 6.0%

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 $69.13 yesterday.

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