Fred's, Inc. (FRED) Analysts See $-0.14 EPS

December 8, 2017 - By Louis Casey

 Fred's, Inc. (FRED) Analysts See $ 0.14 EPS
Investors sentiment decreased to 0.96 in 2017 Q2. Its down 0.67, from 1.63 in 2017Q1. It dived, as 27 investors sold Fred's, Inc. shares while 29 reduced holdings. 14 funds opened positions while 40 raised stakes. 37.37 million shares or 2.04% less from 38.15 million shares in 2017Q1 were reported.
Jpmorgan Chase And invested 0% in Fred's, Inc. (NASDAQ:FRED). Schwab Charles Invest accumulated 0% or 535,168 shares. State Of Wisconsin Invest Board has invested 0.01% of its portfolio in Fred's, Inc. (NASDAQ:FRED). Swiss Bank & Trust owns 0% invested in Fred's, Inc. (NASDAQ:FRED) for 60,600 shares. Ser Automobile Association, a Texas-based fund reported 522,070 shares. American Int Group accumulated 26,914 shares. 176,735 are owned by National Bank Of America De. Bridgeway Cap Management accumulated 242,050 shares or 0.03% of the stock. Pinebridge Ltd Partnership has 0.01% invested in Fred's, Inc. (NASDAQ:FRED) for 59,277 shares. Price T Rowe Associates Md has 0% invested in Fred's, Inc. (NASDAQ:FRED). The New York-based Two Sigma Securities Ltd Llc has invested 0.02% in Fred's, Inc. (NASDAQ:FRED). Manufacturers Life Insurance The, a Ontario – Canada-based fund reported 28,416 shares. Verition Fund Management Limited Liability has 17,042 shares for 0.02% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 492 shares. Parametric Assocs Limited accumulated 138,762 shares or 0% of the stock.

Analysts expect Fred's, Inc. (NASDAQ:FRED) to report $-0.14 EPS on December, 14.They anticipate $0.13 EPS change or 48.15 % from last quarter’s $-0.27 EPS. After having $-0.15 EPS previously, Fred's, Inc.’s analysts see -6.67 % EPS growth. The stock decreased 1.09% or $0.045 during the last trading session, reaching $4.095. About 1.24M shares traded or 19.85% up from the average. Fred's, Inc. (NASDAQ:FRED) has risen 3.21% since December 8, 2016 and is uptrending. It has underperformed by 13.49% the S&P500.

Fred's, Inc. (NASDAQ:FRED) Ratings Coverage

Among 6 analysts covering Fred’s (NASDAQ:FRED), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Fred’s has $16 highest and $6.0 lowest target. $9.25’s average target is 125.89% above currents $4.095 stock price. Fred’s had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Fred's, Inc. (NASDAQ:FRED) earned “Buy” rating by Sidoti on Tuesday, February 7. As per Thursday, June 29, the company rating was maintained by Deutsche Bank. SunTrust maintained Fred's, Inc. (NASDAQ:FRED) on Monday, October 16 with “Hold” rating. Sidoti downgraded the stock to “Neutral” rating in Tuesday, December 20 report. The firm has “Buy” rating by Sidoti given on Friday, October 7. As per Wednesday, August 31, the company rating was maintained by Deutsche Bank. Loop Capital Markets initiated Fred's, Inc. (NASDAQ:FRED) rating on Thursday, August 24. Loop Capital Markets has “Hold” rating and $6.0 target. On Monday, August 10 the stock rating was downgraded by Stephens to “Equal Weight”. The firm earned “Overweight” rating on Friday, August 7 by Stephens. The firm has “Hold” rating by Deutsche Bank given on Wednesday, November 2.

Fred's, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company has market cap of $155.93 million. The company, through its stores, offers household cleaning supplies, health products, beauty and personal care products, disposable diapers, pet foods, paper products, various food and beverage products, and pharmaceuticals to low, middle, and fixed income families in small- to medium- sized towns. It currently has negative earnings. It also sells general merchandise to franchised Fred's stores.

More notable recent Fred's, Inc. (NASDAQ:FRED) news were published by: Marketwatch.com which released: “For Fred’s turnaround, beer and tobacco are in and the corporate jet is out” on December 06, 2017, also Bizjournals.com with their article: “Fred’s reports net loss of $52M, cancels dividend” published on December 06, 2017, Seekingalpha.com published: “Fred’s -12% after soft results, axed dividend” on December 06, 2017. More interesting news about Fred's, Inc. (NASDAQ:FRED) were released by: Bizjournals.com and their article: “Fred’s confirms job cuts” published on November 16, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Fred’s Announces Cancellation Of Dividend, Review Of Alternatives For …” with publication date: December 06, 2017.

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