2 Retailers Hit 52-Week Highs: FDO, ROST
"Over the last 18 months, roughly half of the executive team has turned over -- clear evidence to us that a somewhat 'new' Family Dollar is taking root," Guggenheim analysts wrote in an April 10 report. "We believe this, together with improved results, should serve to strengthen sentiment in the name."
Shares of Family Dollar hit a 52-week high Wednesday of $67.13. The stock's 52-week low of $44.42 was set on Aug. 9.
Family Dollar has an estimated price-to-earnings ratio of 15.87X; the average for specialty retailers is 16.27X. For comparison, Dollar Tree(DLTR) has a higher forward P/E of 17.55X.
Fourteen of the 27 analysts who cover Family Dollar rated it hold. Eleven analysts gave the stock a buy rating and two rated it sell.
TheStreet Ratings gives Family Dollar an A+ grade with a buy rating and $84.15 price target. The stock has risen 16.16% year to date.
"Warmer weather drove much of the upside, and juniors, children, and shoes were the top-performing categories," Canaccord analysts wrote in an April 5 report. "On a geographic basis, the Southeast, Mid-Atlantic, and Florida were the strongest regions."
Shares of Ross Stores hit a 52-week high Wednesday of $60.49. The stock's 52-week low of $33.50 was set on Aug. 18.
Ross Stores has a forward P/E of 16.15X; the average for apparel retailers is 16.61X. For comparison, Aeropostale(ARO) has a lower forward P/E of 15.22X.
Analysts were split on Ross Stores with 14 of them giving the stock a buy rating and another 14 rating the stock hold.
TheStreet Ratings gives Ross Stores an A+ grade with a buy rating and $77.50 price target. The stock has risen 27.22% year to date.
-- Written by Alexandra Zendrian
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