Family Dollar Stores Stock Hits New 52-Week High (FDO)

NEW YORK ( TheStreet) -- Family Dollar Stores (NYSE: FDO) hit a new 52-week high Friday as it is currently trading at $60.55, above its previous 52-week high of $60.53 with 442,358 shares traded as of 10:50 a.m. ET. Average volume has been 981,700 shares over the past 30 days.

Family Dollar Stores has a market cap of $6.63 billion and is part of the services sector and retail industry. Shares are up 4.2% year to date as of the close of trading on Thursday.

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 17.2, below the average retail industry P/E ratio of 17.4 and below the S&P 500 P/E ratio of 17.7.

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, increase in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Family Dollar Stores Ratings Report.

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