Dollar Tree Now Covered by Standpoint Research (DLTR)
Research analysts at Standpoint Research assumed coverage on shares of Dollar Tree (NASDAQ: DLTR) in a report released on Monday. The firm set an “accumulate” rating and a $54.00 price target on the stock.
Shares of Dollar Tree traded down 0.13% during mid-day trading on Monday, hitting $46.05. Dollar Tree has a one year low of $37.12 and a one year high of $56.815. The stock’s 50-day moving average is currently $40.52. The company has a market cap of $10.398 billion and a P/E ratio of 17.21.
Dollar Tree last issued its quarterly earnings data on Wednesday, February 27th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.02. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. Dollar Tree has set its Q1 guidance at $0.53-0.58 EPS and its FY14 guidance at $2.54-2.74 EPS. Analysts expect that Dollar Tree will post $2.78 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wedbush raised their price target on shares of Dollar Tree from $50.00 to $54.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Dollar Tree from $48.00 to $53.00 in a research note to investors on Thursday. They now have a “strong-buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Dollar Tree from $38.00 to $41.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock.
Thirteen analysts have rated the stock with a buy rating, and twelve have issued a hold rating to the company’s stock. The stock currently has an average rating of “overweight” and a consensus price target of $49.60.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.