Fred’s (FRED) Earns Daily Media Sentiment Score of 0.11

News articles about Fred’s (NASDAQ:FRED) have trended somewhat positive this week, Alpha One Sentiment reports. The research group, a division of Accern, identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fred’s earned a daily sentiment score of 0.11 on Alpha One’s scale. Alpha One also gave press coverage about the company an impact score of 63 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have effected AlphaOne Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for Fred`s (NASDAQ:FRED)

Fred’s (FRED) traded down 1.47% during mid-day trading on Friday, reaching $10.74. 1,071,704 shares of the company traded hands. The stock’s market capitalization is $408.67 million. Fred’s has a 52-week low of $7.89 and a 52-week high of $21.77. The stock has a 50-day moving average of $13.54 and a 200 day moving average of $14.66.

Fred’s (NASDAQ:FRED) last posted its quarterly earnings results on Tuesday, June 6th. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.03. The company had revenue of $532.32 million for the quarter, compared to analysts’ expectations of $520.28 million. Fred’s had a negative return on equity of 3.93% and a negative net margin of 4.94%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. Equities research analysts expect that Fred’s will post $0.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Tuesday, May 30th. Fred’s’s dividend payout ratio is currently -8.54%.

Several research firms recently weighed in on FRED. Zacks Investment Research downgraded shares of Fred’s from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. ValuEngine downgraded shares of Fred’s from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $17.00 target price (down previously from $19.00) on shares of Fred’s in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Fred’s presently has an average rating of “Hold” and an average price target of $16.80.

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About Fred’s

Fred’s, Inc (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FRED”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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