Nomura Securities Maintains a 'Neutral' on Family Dollar Stores (FDO); Raising PT & Estimates
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Price: $79.39 --0%
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Family Dollar Stores Inc. (NYSE: FDO) price target raised $2 to $60.
Analyst, Aram Rubinson, said, "FDO reported FQ2 EPS of $1.15, ahead of our $1.09 and the Street’s $1.11 estimate. Results lined up closely with our model (4.5% comp and GM-90bps) except for SG&A. FDO’s plans include expanding its cooler offering by 5-10 doors in ~2,300 stores in F12, re-fixturing check-out areas & broadening food by 25% on top of a 20% expansion already. HBA will also broaden by an additional 500 items and stores will begin to sell tobacco. The pace of change at FDO is approaching warp speed and that is either impressive or daunting depending on your perspective. 2012E / 2013E EPS from $3.42 / $3.85 to $3.56 / $3.95 vs. Street at $3.63 / $4.18, respectively."
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 $58.36 yesterday.
Analyst, Aram Rubinson, said, "FDO reported FQ2 EPS of $1.15, ahead of our $1.09 and the Street’s $1.11 estimate. Results lined up closely with our model (4.5% comp and GM-90bps) except for SG&A. FDO’s plans include expanding its cooler offering by 5-10 doors in ~2,300 stores in F12, re-fixturing check-out areas & broadening food by 25% on top of a 20% expansion already. HBA will also broaden by an additional 500 items and stores will begin to sell tobacco. The pace of change at FDO is approaching warp speed and that is either impressive or daunting depending on your perspective. 2012E / 2013E EPS from $3.42 / $3.85 to $3.56 / $3.95 vs. Street at $3.63 / $4.18, respectively."
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 $58.36 yesterday.
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