Dollar Tree PT Raised to $63.00 (DLTR)
Research analysts at MKM Partners raised their price objective on shares of Dollar Tree (NASDAQ:DLTR) from $59.00 to $63.00 in a report released on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. MKM Partners’ price target would indicate a potential upside of 7.71% from the company’s current price.
DLTR has been the subject of a number of other recent research reports. Analysts at Sterne Agee raised their price target on shares of Dollar Tree (NASDAQ:DLTR) from $58.00 to $65.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
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. The company presently has an average rating of “Buy” and a consensus target price of $56.92.
Shares of Dollar Tree (NASDAQ:DLTR) traded down 0.22% during mid-day trading on Friday, hitting $58.36. The stock had a trading volume of 670,183 shares. Dollar Tree has a 1-year low of $37.12 and a 1-year high of $58.69. The stock’s 50-day moving average is $53.75 and its 200-day moving average is $50.30. The company has a market cap of $13.015 billion and a price-to-earnings ratio of 20.67.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results 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. Analysts expect that Dollar Tree will post $2.81 EPS 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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