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Stock Market & Financial Investment News

News Breaks
March 26, 2009
05:55 EDTFDO, FDOFamily Dollar benefits from budget-conscious spending, BusinessWeek reports
Family Dollar Stores' (FDO) strategy of providing consumers with compelling values while managing to keep costs and prices stable have allowed it to maintain its streak of constant earnings in spite of the weak economy, says Ryan Crane, CIO at Stephens Investment Management Group. Many Americans have embraced budget-conscious spending, bolstering Family Dollar's sales and earnings. "This kind of thrifty shopping won't end anytime soon", Crane adds. Trading at $32.06 a share, Crane figures Family Dollar could easily double in 12 to 18 months. Reference Link
News For FDO From The Last 14 Days
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February 26, 2015
10:33 EDTFDOAnalysts split on Dollar Tree after results, Family Dollar commentary
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09:00 EDTFDODollar Tree outlook has improved, says Wells Fargo
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08:12 EDTFDODollar Tree price target raised to $89 from $79 at UBS
UBS raised its price target on Dollar Tree (DLTR) to $89 from $79 following Q4 results which reinforced that the company has a strong, multi-year growth story. The firm cited its profitable margin profile, strong comps, and the potential to reformat hundreds of Family Dollar (FDO) stores.
07:27 EDTFDOStifel downgraded Dollar Tree on valuation, integration risks
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February 25, 2015
09:33 EDTFDODollar Tree says company, Family Dollar 'ready to integrate'
09:32 EDTFDODollar Tree says 'enthusiastic' about Family Dollar deal
Dollar Tree (DLTR) says exceeded 1B transactions in a year for the first time in company's history. Says SSS accelerated throughout the quarter. Says January was strongest comp month of the quarter. Says top selling items in the quarter included party supplies, household products, food. Says believes Canadian market can support up to 1,000 Dollar Tree stores, sees 7,000 store potential for Dollar Tree in the U.S. Sees FY15 CapEx $465M-$475M. Says expects freight costs to be a headwind to gross margin. Sees $8M headwind to sales from earlier Easter holiday. Says may see "some" product delays from West Coast port issues. Doesn't see any share repurchases in 2015. Says more enthusiastic about Family Dollar (FDO) agreement today than when deal was announced in July. Says believes can realize $300M of synergies. Comments made on the Q4 earnings conference call.
February 17, 2015
18:06 EDTFDOPaulson & Co gives quarterly update on stakes
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