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 $68.64, above its previous 52-week high of $68.46 with 408,278 shares traded as of 11:15 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Family Dollar Stores has a market cap of $7.81 billion and is part of the services sector and retail industry. Shares are up 16.8% 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 19.7, equal to the average retail industry P/E ratio and above 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 is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Family Dollar Stores Ratings Report.

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