Fred's (FRED) was Upgraded by Sidoti to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Sidoti advised their Clients and Investors in a research report released on Feb 7, 2017.
On the company’s financial health, Fred's reported $-0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Dec 8, 2016. 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 company’s 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.
Several company insiders have filed Insider transactions , on Dec 27, 2016, Michael Hayes (director) sold 10,000 shares at $20.17 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
Fred's opened for trading at $15.41 and hit $15.74 on the upside on Friday, eventually ending the session at $15.46, with a gain of 0.19% or 0.03 points. The heightened volatility saw the trading volume jump to 8,02,326 shares. Company has a market cap of $586 M.
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.