Many Freds, Inc.(FRED) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Fred's was Upgraded by Sidoti to Buy on Feb 7, 2017. Fred's was Downgraded by Sidoti to Neutral on Dec 20, 2016.
Company has reported several Insider transactions to the SEC, on Dec 27, 2016, Michael Hayes (director) sold 10,000 shares at 20.17 per share price.On Dec 23, 2016, Eric Ridings (VP) sold 300 shares at 20.00 per share price.On Dec 22, 2016, Ricky Chambers (former EVP) sold 3,631 shares at 19.87 per share price.
Fred's Last issued its quarterly earnings results on Dec 8, 2016. The company reported $-0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.08. Analyst had a consensus of $-0.19. The company had revenue of $516.60 million for the quarter, compared to analysts expectations of $519.19 million. The companys revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.
Freds, Inc. (NASDAQ:FRED) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 3.4 by 5 Brokerage Firm. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Freds, Inc. (NASDAQ:FRED) should head towards $15.5 per share according to 4 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $12 per share. The higher price estimate target is at $19 according to the Analysts.
Freds, Inc. (NASDAQ:FRED) rose 3.76% or 0.58 points on Tuesday and made its way into the gainers of the day. After trading began at $15.41 the stock was seen hitting $16.13 as a peak level and $15.41 as the lowest level. The stock ended up at $16.01. The daily volume was measured at 696,938 shares. The 52-week high of the share price is $21.77 and the 52-week low is $7.885. The company has a market cap of $607 million.
Freds, Inc. operates discount general merchandise stores in a number states in the southeastern United States. Freds stores generally serve low, middle and fixed income families located in small to medium sized towns. The majority of the companys stores have full service pharmacies. The company also markets goods and services to franchised Freds stores.