Fred's, Inc. (NASDAQ:FRED) Given Price Target Of $13.5


As per Fred's, Inc. (NASDAQ:FRED)’s news release on 2016-08-22, its shareholders will get cash dividend of $0.06 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-02 and 2016-09-15, respectively.

The stock will commence trading ex-dividend from 2016-08-31, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Fred's, Inc. (NASDAQ:FRED) disbursed $0.06 in dividend compared to distribution of $0.06, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Fred's, Inc. (NASDAQ:FRED) to attain a price target of $13.5. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $17. The low price range is set at $10 for next year while the arithmetic mean is seen at 3.67.

Eyeing Earnings Fred's, Inc. (NASDAQ:FRED) is likely to post quarterly numbers around 2016-11-22 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $-0.13 for the period ending on 2016-10-31.

In last quarter ended 2016-01-31, Fred's, Inc. (NASDAQ:FRED) earnings came at $-0.18 suggesting a deviation of $0.03. The brokerages targeted EPS of $-0.21 for the quarter.

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