On Dec 06, major Wall Street analysts update their ratings for $Dollar Tree (DLTR.US)$, with price targets ranging from $75 to $95.
Morgan Stanley analyst Simeon Gutman maintains with a hold rating, and maintains the target price at $80.
Barclays analyst Seth Sigman maintains with a hold rating, and maintains the target price at $81.
Evercore analyst Michael Montani maintains with a hold rating, and adjusts the target price from $97 to $95.
Loop Capital analyst Anthony Chukumba maintains with a hold rating, and adjusts the target price from $65 to $75.
Truist Financial analyst Scot Ciccarelli maintains with a buy rating, and maintains the target price at $83.
Furthermore, according to the comprehensive report, the opinions of $Dollar Tree (DLTR.US)$'s main analysts recently are as follows:
The sales performance improvement was attributed to better Family Dollar comps. However, there is little reason to adopt a more constructive stance on the shares.
The recent quarterly performance and outlook for the final quarter offered a break from earlier underwhelming results, yet comparable sales growth remains below expectations. The ongoing development of the latest business model is anticipated to spur an increase in comparable sales within the next 18 to 24 months, thereby presenting an advantageous risk/reward scenario given the modest company valuation.
The stock experienced a modest relief rally subsequent to the company's in-line Q3 results, which was seen as a 'welcome change' following recent guidance cuts and misses. However, comparable sales weakened again in November across both banners. Additionally, the lift in comparable sales from the company's multi-price conversions also showed sequential deterioration.
Dollar Tree's Q3 results didn't stand out significantly, yet it was viewed positively that the company ended its series of earnings and guidance disappointments. There was also a positive note on the improved performance in the Family Dollar segment, albeit with concerns that these improvements might come too late in the context of the ongoing strategic review for the unit.
Dollar Tree's Q3 performance surpassed expectations, mainly due to robust Family Dollar comparative sales of 1.9% against the projected 0.7%, positively impacting both discretionary and consumable products. The company also refined its fiscal 2024 guidance while forecasting Q4 results that align with current market expectations. However, ongoing uncertainties such as potential management changes, the impact of tariffs, and the organizational structure of Family Dollar continue to pose concerns.
Here are the latest investment ratings and price targets for $Dollar Tree (DLTR.US)$ from 7 analysts:
Note:
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