Dollar Tree PT Raised to $65.00 (DLTR)
Equities research analysts at Sterne Agee increased their target price on shares of Dollar Tree (NASDAQ:DLTR) from $58.00 to $65.00 in a note issued to investors on Thursday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s target price suggests a potential upside of 11.13% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $60.00 to $61.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $56.72.
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 52 week low of $37.12 and a 52 week 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 P/E ratio of 20.43.
Dollar Tree (NASDAQ:DLTR) last released its earnings data on Thursday, August 22nd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the 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 prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts predict that Dollar Tree will post $2.80 earnings per share for the current fiscal year.
Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.
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