Freds Inc (FRED): Michael Hayes , director of Freds Inc sold 5,000 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $14.68 per share for a total value of $73,400.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 8, 2015, Michael Hayes (director) sold 5,000 shares at $16.25 per share price.On Dec 1, 2015, Shannon Strickland (SVP) sold 38 shares at $16.43 per share price.Also, On Aug 31, 2015, Michael K Bloom (President) purchased 2,000 shares at $13.10 per share price.On Aug 31, 2015, Jerry Shore (CEO) purchased 1,000 shares at $12.94 per share price.
Fred's: On Friday, May 27, 2016 heightened volatility was witnessed in Fred's which led to swings in the share price. The shares opened for trading at $14.66 and hit $14.81 on the upside , eventually ending the session at $14.65, with a gain of 1.10% or 0.16 points. The heightened volatility saw the trading volume jump to 1,79,312 shares. The 52-week high of the share price is $20.05 and the company has a market cap of $545 M . The 52-week low of the share price is at $11.27.
Company has been under the radar of several Street Analysts.Fred's is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 .The Rating was issued on Mar 28, 2016.Fred's is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $11 .The Rating was issued on Mar 10, 2016.
Fred’s Inc. (Fred’s) is an operator of general merchandise stores. The Company operates approximately 660 discount general merchandise stores including around 19 franchised Fred’s stores in 15 states in the southeastern United States. The Company has around 370 full service pharmacies in its stores. The Company offers different product categories including consumables such as tobacco food and beverage prescription pharmaceuticals paper and cleaning supplies pet supplies health and beauty aids and discretionary products such as home decor seasonal merchandise auto and hardware and lawn and garden. Fred’s Xpress stores offer pharmacy services along with a scaled-down convenience centered general merchandise area. The Company’s Xpress stores typically sell primarily pharmaceuticals other health and beauty related items and general merchandise offerings mainly consumables. The Company also has a specialty pharmacy facility EIRIS Health Services.