Northcoast Research Upgrades Dollar Tree to “Buy” (DLTR)
Dollar Tree (NASDAQ:DLTR) was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on DLTR. Analysts at Zacks reiterated a “neutral” rating on shares of Dollar Tree in a research note on Friday, June 13th. They now have a $57.00 price target on the stock. Separately, analysts at Sterne Agee upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Thursday, May 29th. They now have a $61.00 price target on the stock, up previously from $54.00. Finally, analysts at Deutsche Bank upgraded shares of Dollar Tree to a “buy” rating in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.49.
Dollar Tree (NASDAQ:DLTR) opened at 53.47 on Tuesday. Dollar Tree has a 1-year low of $48.91 and a 1-year high of $60.19. The stock has a 50-day moving average of $53.08 and a 200-day moving average of $53.24. The company has a market cap of $11.058 billion and a P/E ratio of 19.07.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that Dollar Tree will post $3.14 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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