Live Stock Coverage: After Today’s Huge Decline, Is Fred’s, Inc.’s Near-Term Analysis Negative?

Live Stock Coverage: After Today's Huge Decline, Is Fred's, Inc.'s Near Term Analysis Negative?

The stock of Fred’s, Inc. (NASDAQ:FRED) is a huge mover today! About 405,864 shares traded hands or 43.17% up from the average. Fred’s, Inc. (NASDAQ:FRED) has declined 31.51% since March 3, 2016 and is downtrending. It has underperformed by 39.85% the S&P500.
The move comes after 6 months negative chart setup for the $343.93 million company. It was reported on Oct, 6 by We have $7.90 PT which if reached, will make NASDAQ:FRED worth $48.15 million less.

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

Out of 3 analysts covering Fred’s (NASDAQ:FRED), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Fred’s has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Fred’s, Inc. (NASDAQ:FRED) earned “Overweight” rating by Stephens on Friday, August 7. On Wednesday, August 31 the stock rating was maintained by Deutsche Bank with “Sell”. The firm has “Hold” rating by Deutsche Bank given on Tuesday, May 31. The stock of Fred’s, Inc. (NASDAQ:FRED) has “Hold” rating given on Monday, October 3 by Deutsche Bank. The firm earned “Equal Weight” rating on Monday, August 10 by Stephens. The company was maintained on Wednesday, November 25 by M Partners. M Partners maintained the shares of FRED in a report on Monday, August 31 with “Neutral” rating. Stephens downgraded the shares of FRED in a report on Wednesday, August 31 to “Underperform” rating.

According to Zacks Investment Research, “Fred’s, Inc. operates discount general merchandise stores in a number states in the southeastern United States. Fred’s stores generally serve low, middle and fixed income families located in small to medium sized towns. The majority of the company’s stores have full service pharmacies. The company also markets goods and services to franchised Fred’s stores.”

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 1.06, from 2.06 in 2016Q1. The ratio worsened, 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 Germany-based Deutsche Financial Bank Ag has invested 0% in Fred’s, Inc. (NASDAQ:FRED). Blackrock Invest reported 171,394 shares or 0% of all its holdings. Ameriprise Fincl Inc owns 172,890 shares or 0% of their US portfolio. Swiss National Bank holds 0% or 60,600 shares in its portfolio. Price T Rowe Assocs Md has invested 0.01% of its portfolio in Fred’s, Inc. (NASDAQ:FRED). Profund Advsrs Limited Liability Corp holds 0.01% or 11,456 shares in its portfolio. Moreover, Strs Ohio has 0% invested in Fred’s, Inc. (NASDAQ:FRED) for 47,100 shares. Rhumbline Advisers accumulated 74,066 shares or 0% of the stock. Pinebridge Investments L P has invested 0% of its portfolio in Fred’s, Inc. (NASDAQ:FRED). Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 492 shares. Brandywine Glob Investment Mngmt Limited Liability has invested 0% of its portfolio in Fred’s, Inc. (NASDAQ:FRED). Matarin Capital Mngmt Limited Liability has invested 0% of its portfolio in Fred’s, Inc. (NASDAQ:FRED). Wells Fargo & Mn has invested 0% of its portfolio in Fred’s, Inc. (NASDAQ:FRED). Serv Automobile Association has 0.03% invested in the company for 570,620 shares. Barrow Hanley Mewhinney And Strauss Llc holds 69,272 shares or 0% of its portfolio.

Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 12 sales for $986,658 net activity. $102,683 worth of Fred’s, Inc. (NASDAQ:FRED) shares were sold by Chambers Ricky. HAYES MICHAEL sold $73,400 worth of stock. The insider Dely Mark C sold $11,938. Another trade for 1,517 shares valued at $22,254 was sold by Holligan Mike.

More important recent Fred’s, Inc. (NASDAQ:FRED) news were published by: which released: “Eiris Health Services, fred’s Inc. Pharmacy-Owned Specialty Pharmacy, is Now …” on October 03, 2016, also published article titled: “Analyst Update: Heron Therapeutics Inc, Fred’s, Inc., and Cognizant Technology …”, published: “Bear of the Day: Fred’s Inc. Slides on Its Outlook (FRED)” on September 08, 2016. More interesting news about Fred’s, Inc. (NASDAQ:FRED) was released by: and their article: “Should You Get Rid of Fred’s, Inc. (FRED) Now?” with publication date: September 28, 2016.

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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