Dollar Tree Stock Rating Reaffirmed by Zacks (DLTR)
Dollar Tree (NASDAQ:DLTR)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. They currently have a $57.00 target price on the stock. Zacks‘ target price indicates a potential upside of 4.93% from the company’s current price.
Zacks‘ analyst wrote, “We are initiating our coverage on Dollar Tree with a Neutral recommendation. We believe that the company is progressing well with its growth endeavors, which include store expansion strategies, omni-channel initiatives, revamping of store formats and venture into new markets. Moreover, we commend Dollar Tree’s strategic investments toward incorporating technological enhancements which will drive its top and bottom line in long run. Further, Dollar Tree’s accelerated share repurchase program reflects management’s confidence in the business and consistency of its cash flow generation ability. However, the stock remains susceptible to the sluggish economic recovery and cautious consumer spending. This has also been reflected in management’s sales and earnings guidance for fiscal 2013.”
Dollar Tree (NASDAQ:DLTR) traded down 0.53% on Monday, hitting $54.32. The stock had a trading volume of 3,723,012 shares. Dollar Tree has a 52-week low of $38.38 and a 52-week high of $60.19. The stock has a 50-day moving average of $55.77 and a 200-day moving average of $55.83. The company has a market cap of $11.304 billion and a price-to-earnings ratio of 19.98.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, November 21st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 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 9.5% on a year-over-year basis. On average, analysts predict that Dollar Tree will post $2.77 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DLTR. Analysts at JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $3.00 to $61.00 in a research note to investors on Friday. Separately, analysts at Johnson Rice upgraded shares of Dollar Tree from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, January 6th. Finally, analysts at Deutsche Bank cut their price target on shares of Dollar Tree from $62.00 to $60.00 in a research note to investors on Friday, November 22nd. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.97.
Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.
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