Dollar Tree Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:DLTR)
Dollar Tree (NASDAQ:DLTR) has received an average recommendation of “Buy” from the twenty analysts that are currently covering the company, American Banking & Market News reports. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $62.34.
A number of research firms have recently commented on DLTR. Analysts at Bank of America upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Monday, August 18th. They now have a $71.00 price target on the stock. Separately, analysts at MKM Partners reiterated a “buy” rating on shares of Dollar Tree in a research note on Wednesday, July 30th. They now have a $74.50 price target on the stock. Finally, analysts at Johnson Rice downgraded shares of Dollar Tree from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 29th.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 54.265 on Wednesday. Dollar Tree has a 1-year low of $49.59 and a 1-year high of $60.19. The stock’s 50-day moving average is $54.93 and its 200-day moving average is $53.28. The company has a market cap of $11.158 billion and a P/E ratio of 19.14.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 21st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.03. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $0.56 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 $3.05 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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