On Tuesday Discount retailer Family Dollar Stores Inc. (NYSE:FDO) was upgraded from hold to buy by S&P Capital IQ.
The company anticipates demand at Family Dollar to take advantage from encouraging weather and lesser gasoline prices in the near future. In the longer run, the firm’s execution of a latest merchandise strategy, comprising of including national brands and the development of consumable and health, beauty and personal care product lines, will boost up its traffic and average transaction figure, according to S&P.
Family Dollar climbed up 1.2% in the beginning hours of Tuesday trading session. Its bigger opponent, Dollar General Corp., was higher 1.1%, as it’s hosting an expert meeting.
Its competitors include Dollar General Corp. (NYSE:DG) that moved up 1.84% to $54.15 with the total traded volume of 858,625.00 shares and Dollar Tree, Inc. (NASDAQ:DLTR) that surged 0.76% to $110.37 with the total traded volume of 214,054.00 shares.
Other services stocks with bullish trend include Wal-Mart Stores, Inc. (NYSE:WMT) up 0.35% to $68.42, Lowe’s Companies, Inc. (NYSE:LOW) up 0.85% to $27.16 and Staples, Inc. (NASDAQ:SPLS) up 1.92% to $12.48, whereas with bearish trend include SUPERVALU INC. (NYSE:SVU) down -4.31% to $4.89, Macy’s, Inc. (NYSE:M) down -0.35% to $30.77 and The Gap Inc. (NYSE:GPS) down -0.42% to $26.37.
Family Dollar Stores, Inc. (NYSE:FDO) after opening at $70.51 hit high price of $71.17 and then trading at $70.58 by surging 0.57% at 11:02AM EDT and on current session volume of 856,374.00 shares is lower than its average volume of 1.61 million shares.
The stock price volatility was 2.16% for a week and 2.28% for a month as well as price volatility’s Average True Range for 14 days was 1.74 and its beta remained 0.25.
The liquidity measure in recent quarter results of the company was recorded 1.521 as current ratio and on the other side the debt to equity ratio was 0.44 and long-term debt to equity ratio also remained 0.42. The Company had total cash at hand $158.06 million and a book value per share as $10.43 in the most recent quarter.
FDO generated revenue of 8.89 billion in the following twelve months and earned $407.72 million. The Company showed a positive 4.58% in the net profit margin and as well as in its operating margin which remained 7.56%. Company’s annual sales growth for the past five year was 5.98%.
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