BMO Capital Markets Has Positive Earnings Outlook Update for Dollar Tree (DLTR)
Equities research analysts at BMO Capital Markets boosted their earnings per share estimates on shares of Dollar Tree (NASDAQ: DLTR) in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating and a $117.00 price target on the company’s shares.
Several other analysts have also recently commented on the stock. Analysts at BB&T (NYSE: BBT) upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note to investors on Friday, April 27th. Separately, 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. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Dollar Tree in a research note to investors on Thursday, April 19th.
Shares of Dollar Tree traded down 0.06% during mid-day trading on Wednesday, hitting $101.81. Dollar Tree has a one year low of $59.81 and a one year high of $102.42. The company has a market cap of $11.775 billion and a P/E ratio of 25.28.
Dollar Tree last issued its quarterly earnings data on Wednesday, February 22nd. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.58 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.
Dollar Tree, Inc. is an operator of discount variety stores offering merchandise at the fixed price of $1.