BMO Capital Markets Has Positive Earnings Outlook Update for Dollar Tree (DLTR)

By admin | 6 years ago

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.

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