Guggenheim analyst John Heinbockel maintains $Dollar Tree (DLTR.US)$ with a buy rating, and adjusts the target price from $120 to $100.
According to TipRanks data, the analyst has a success rate of 57.9% and a total average return of 7.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Dollar Tree (DLTR.US)$'s main analysts recently are as follows:
The recent improvement in sales was attributed to stronger comparable sales at Family Dollar. Despite this positive trend, there remains limited rationale for a more optimistic view on the stock's future performance.
Dollar Tree's recent quarterly results and forthcoming quarterly guidance provided a much-needed break from the earlier poor performances. However, the company's comparable sales momentum remains below expectations. The development and maturation of the latest store format are expected to accelerate comparable sales over the next 18-24 months, paired with a reasonable valuation, presenting an attractive risk/reward scenario.
Dollar Tree's stock experienced a modest relief rally subsequent to the company's Q3 results, which aligned with expectations and marked a 'welcome change' following recent guidance reductions and misses. Nevertheless, comparable store sales witnessed a decline in November across both banners, and the sequential deterioration in comp lift from Dollar Tree's multi-price point conversions also raises concerns.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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