FBR Capital Raises Price Target on Dollar Tree (DLTR)
FBR Capital (NASDAQ: FBCM) raised their price target on shares of Dollar Tree (NASDAQ: DLTR) from $86.00 to $100.00 in a research note issued on Friday. The firm currently has a “market perform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Dollar Tree in a research note to investors on Wednesday, May 16th. Finally, analysts at BMO Capital Markets raised their EPS on shares of Dollar Tree in a research note to investors on Wednesday, May 9th. They now have an “outperform” rating and a $117.00 price target on the stock.
Dollar Tree opened at 95.19 on Friday. Dollar Tree has a 1-year low of $57.27 and a 1-year high of $102.42. The company has a market cap of $11.023 billion and a price-to-earnings ratio of 22.57.
Dollar Tree last released its earnings data on Thursday, May 17th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.97 by $0.03. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Analysts expect that Dollar Tree will post $1.03 EPS next quarter.
Dollar Tree, Inc. is an operator of discount variety stores offering merchandise at the fixed price of $1.