Dollar Tree Given Average Rating of “Buy” by Analysts (NASDAQ:DLTR)
Shares of Dollar Tree (NASDAQ:DLTR) have earned a consensus recommendation of “Buy” from the nineteen brokerages that are covering the company, Analyst Ratings News reports. Four analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $61.46.
A number of analysts have recently weighed in on DLTR shares. Analysts at Morgan Stanley initiated coverage on shares of Dollar Tree in a research note on Wednesday, June 25th. They set an “equal weight” rating and a $61.00 price target on the stock. Separately, analysts at Northcoast Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 24th. Finally, 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.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 55.25 on Wednesday. Dollar Tree has a 52 week low of $49.59 and a 52 week high of $60.19. The stock’s 50-day moving average is $54.14 and its 200-day moving average is $53.14. The company has a market cap of $11.427 billion and a price-to-earnings ratio of 19.78.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 22nd. The company reported $0.67 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.59 earnings per share. Dollar Tree’s revenue was up 7.2% compared to the same quarter last year. 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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