Dollar Tree Given New $61.00 Price Target at RBC Capital (DLTR)
Equities research analysts at RBC Capital upped their target price on shares of Dollar Tree (NASDAQ:DLTR) from $60.00 to $61.00 in a research note issued to investors on Thursday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 4.29% from the stock’s previous close.
Shares of Dollar Tree (NASDAQ:DLTR) traded up 1.16% on Thursday, hitting $58.489. 2,270,702 shares of the company’s stock traded hands. Dollar Tree has a one year low of $37.12 and a one year high of $57.90. The stock has a 50-day moving average of $53.61 and a 200-day moving average of $50.24. The company has a market cap of $13.043 billion and a price-to-earnings ratio of 20.43.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.57 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $0.51 earnings per share. Dollar Tree’s revenue was up 8.8% compared to the same quarter last year. Analysts expect that Dollar Tree will post $2.80 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BB&T Corp. raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $60.00 to $63.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $48.00 to $54.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $58.00 to $62.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock.
Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $56.72.
Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.
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