Dollar Tree PT Raised to $63.00 (DLTR)
BB&T Corp. upped their price objective on shares of Dollar Tree (NASDAQ:DLTR) from $60.00 to $63.00 in a research note issued on Thursday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. BB&T Corp.’s price objective indicates a potential upside of 7.71% from the stock’s previous close.
Shares of Dollar Tree (NASDAQ:DLTR) traded up 1.16% during mid-day trading on Thursday, hitting $58.489. 2,270,702 shares of the company’s stock traded hands. Dollar Tree has a 1-year low of $37.12 and a 1-year high of $57.90. The stock’s 50-day moving average is $53.61 and its 200-day moving average is $50.24. The company has a market cap of $13.043 billion and a P/E ratio of 20.43.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.56 earnings per share for the quarter, missing the analysts’ 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 in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. 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 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. Separately, 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. Finally, analysts at Canaccord Genuity raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $49.00 to $52.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock.
Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target 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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