Fred’s, Inc. (NASDAQ:FRED) is expected to pay $0.06 on Dec 15, 2016. The indicated annual dividend is $0.24. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Fred’s, Inc.’s current price of $9.67, the dividend is 0.62%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 21, 2016. The stock decreased 1.63% or $0.16 on November 25, hitting $9.67. Fred’s, Inc. (NASDAQ:FRED) has declined 37.37% since April 25, 2016 and is downtrending. It has underperformed by 43.38% the S&P500.
Fred’s, Inc. is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The company has a market cap of $355.29 million. The Firm sells general merchandise to its over 20 franchisees. It currently has negative earnings. The Firm has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States.
Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.21, from 1 in 2016Q1. The ratio increased, as 9 funds sold all Fred’s, Inc. shares owned while 37 reduced positions. 12 funds bought stakes while 34 increased positions. They now own 33.17 million shares or 0.45% less from 33.32 million shares in 2016Q1.
The Louisiana-based Louisiana State Employees Retirement Sys has invested 0.01% in Fred’s, Inc. (NASDAQ:FRED). The Colorado-based Arrowpoint Asset Mngmt Lc has invested 0.21% in Fred’s, Inc. (NASDAQ:FRED). State Board Of Administration Of Florida Retirement Systems has 44,055 shares for 0% of their US portfolio. Moreover, Arizona State Retirement Systems has 0% invested in Fred’s, Inc. (NASDAQ:FRED) for 18,175 shares. Wells Fargo And Co Mn has 0% invested in the company for 257,389 shares. Geode Cap Mngmt Limited owns 241,779 shares or 0% of their US portfolio. Bnp Paribas Arbitrage holds 0% or 10,897 shares in its portfolio. Blackrock Advsrs Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Nationwide Fund Advsr has 33,417 shares for 0% of their US portfolio. Ubs Asset Management Americas holds 17,499 shares or 0% of its portfolio. Gsa Cap Llp holds 0.07% of its portfolio in Fred’s, Inc. (NASDAQ:FRED) for 73,891 shares. Blackrock Inc owns 9,267 shares or 0% of their US portfolio. Reliant Mgmt Ltd Liability Corp, a Tennessee-based fund reported 15,700 shares. Voya Invest Management Ltd Llc holds 0% of its portfolio in Fred’s, Inc. (NASDAQ:FRED) for 17,890 shares. Citigroup holds 0% or 15,949 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 8 selling transactions for $641,221 net activity. On Wednesday, September 7 the insider HAYES MICHAEL sold $177,654. $11,938 worth of shares were sold by Dely Mark C on Tuesday, September 13. Holligan Mike sold $22,254 worth of Fred’s, Inc. (NASDAQ:FRED) on Tuesday, May 31. Chambers Ricky also sold $102,683 worth of Fred’s, Inc. (NASDAQ:FRED) on Tuesday, May 31.
Fred’s, Inc. (NASDAQ:FRED) Ratings Coverage
Out of 4 analysts covering Fred’s (NASDAQ:FRED), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Fred’s has been the topic of 11 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Friday, August 7 by Stephens. Deutsche Bank maintained Fred’s, Inc. (NASDAQ:FRED) rating on Tuesday, May 31. Deutsche Bank has “Hold” rating and $15 price target. The stock of Fred’s, Inc. (NASDAQ:FRED) has “Underperform” rating given on Wednesday, August 31 by Stephens. The stock has “Buy” rating given by Sidoti on Friday, October 7. On Wednesday, August 31 the stock rating was maintained by Deutsche Bank with “Sell”. The rating was downgraded by Stephens to “Equal Weight” on Monday, August 10. M Partners maintained it with “Neutral” rating and $16 target price in Wednesday, November 25 report. The firm has “Hold” rating given on Wednesday, November 2 by Deutsche Bank. The firm earned “Neutral” rating on Monday, August 31 by M Partners. The company was upgraded on Monday, October 3 by Deutsche Bank.
More recent Fred’s, Inc. (NASDAQ:FRED) news were published by: Zacks.com which released: “Should You Get Rid of Fred’s, Inc. (FRED) Now?” on September 28, 2016. Also Prnewswire.com published the news titled: “Eiris Health Services, fred’s Inc. Pharmacy-Owned Specialty Pharmacy, is Now …” on October 03, 2016. Zacks.com‘s news article titled: “Fred’s Inc (FRED) Appoints Michael Bloom as its New CEO” with publication date: August 30, 2016 was also an interesting one.
FRED Company Profile
Fred’s, Inc. (Fred’s), incorporated on June 22, 1960, is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Firm sells general merchandise to its over 20 franchisees. The Firm has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States. The Firm is licensed to dispense pharmaceuticals in approximately 50 states. The Firm operates approximately 640 company-owned stores, including over 60 express stores (or Xpress stores). Fred’s is a combination of pharmacy, dollar store and mass merchant strategically located in smaller markets. The Firm offers various 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.
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