Sentiment Change Report: Freds Inc (NASDAQ:FRED)

January 23, 2018 - By Richard Conner

 Sentiment Change Report: Freds Inc (NASDAQ:FRED)

Sentiment for Freds Inc (NASDAQ:FRED)

Freds Inc (NASDAQ:FRED) institutional sentiment increased to 1.56 in 2017 Q3. Its up 0.60, from 0.96 in 2017Q2. The ratio improved, as 64 active investment managers opened new or increased holdings, while 41 sold and trimmed holdings in Freds Inc. The active investment managers in our partner’s database now hold: 34.64 million shares, down from 37.37 million shares in 2017Q2. Also, the number of active investment managers holding Freds Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 29 Increased: 33 New Position: 31.

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 $148.52 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.

The stock decreased 2.14% or $0.085 during the last trading session, reaching $3.885. About 188,321 shares traded. Fred's, Inc. (NASDAQ:FRED) has risen 3.21% since January 23, 2017 and is uptrending. It has underperformed by 13.49% the S&P500.

Analysts await Fred's, Inc. (NASDAQ:FRED) to report earnings on April, 5. They expect $-0.04 EPS, up 63.64 % or $0.07 from last year’s $-0.11 per share. After $-0.42 actual EPS reported by Fred's, Inc. for the previous quarter, Wall Street now forecasts -90.48 % EPS growth.

Lorber David A holds 0.47% of its portfolio in Fred's, Inc. for 6,336 shares. Frontfour Capital Group Llc owns 383,664 shares or 0.45% of their US portfolio. Moreover, Gam Holding Ag has 0.31% invested in the company for 1.13 million shares. The California-based Nwq Investment Management Company Llc has invested 0.28% in the stock. Symons Capital Management Inc, a Pennsylvania-based fund reported 99,486 shares.#img1#

Since January 1, 0001, it had 1 buying transaction, and 0 insider sales for $334,900 activity.

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

Ratings analysis reveals 17% of Fred’s’s analysts are positive. Out of 6 Wall Street analysts rating Fred’s, 1 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $6.0 while the high is $16. The stock’s average target of $9.25 is 138.10% above today’s ($3.885) share price. FRED was included in 16 notes of analysts from August 7, 2015. The rating was downgraded by Sidoti to “Neutral” on Tuesday, December 20. The company was maintained on Thursday, June 29 by Deutsche Bank. The firm has “Buy” rating by Sidoti given on Tuesday, February 7. Deutsche Bank maintained the stock with “Sell” rating in Wednesday, August 31 report. As per Monday, August 10, the company rating was downgraded by Stephens. On Monday, October 16 the stock rating was maintained by SunTrust with “Hold”. The firm earned “Neutral” rating on Monday, August 31 by M Partners. Sidoti upgraded Fred's, Inc. (NASDAQ:FRED) on Friday, October 7 to “Buy” rating. Stephens downgraded the shares of FRED in report on Friday, August 7 to “Overweight” rating. As per Thursday, August 24, the company rating was initiated by Loop Capital Markets.

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