NEW YORK ( TheStreet) -- Family Dollar Stores (NYSE: FDO) hit a new 52-week high Wednesday as it is currently trading at $57.43, above its previous 52-week high of $56.92 with 164,566 shares traded as of 10:06 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Family Dollar Stores has a market cap of $6.7 billion and is part of the services sector and retail industry. Shares are up 13.5% year to date as of the close of trading on Tuesday.

Family Dollar Stores, Inc. operates a chain of self-service retail discount stores primarily for low and middle income consumers in the United States. The company has a P/E ratio of 17.4, below the average retail industry P/E ratio of 17.7 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Family Dollar Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, notable return on equity, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Family Dollar Stores Ratings Report.

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