BB&T Raises Dollar Tree to Buy (DLTR)
Dollar Tree (NASDAQ: DLTR) was upgraded by investment analysts at BB&T (NYSE: BBT) from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Shares of Dollar Tree traded down 0.32% during mid-day trading on Friday, hitting $101.62. Dollar Tree has a 52 week low of $57.27 and a 52 week high of $102.42. The company has a market cap of $11.753 billion and a P/E ratio of 25.30.
The company last announced its quarterly results on Wednesday, February 22nd. It reported $1.60 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.58 EPS by $0.02. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that Dollar Tree will post $0.95 earnings per share next quarter.
A number of other firms have also recently commented on DLTR. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Dollar Tree from $94.00 to $110.00 in a research note to investors on Wednesday, April 25th. They now have a “buy” rating on the stock. Separately, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Dollar Tree in a research note to investors on Thursday, April 19th. Finally, analysts at Canaccord Genuity initiated coverage on shares of Dollar Tree in a research note to investors on Monday, March 26th. They set a “hold” rating on the stock.
Dollar Tree, Inc. is an operator of discount variety stores offering merchandise at the fixed price of $1.