Jefferies Maintains a 'Buy' on Dollar Tree (DLTR); Dollars Don't Grow on Trees
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Price: $48.37 -2.05%
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade DLTR Now!
Jefferies maintains a 'Buy' on Dollar Tree (NASDAQ: DLTR) price target of $58.00.
Analyst, Daniel Binder, said, "Shares dipped on Q2 comps that were toward the high end of plan but below consensus. EPS beats by $0.04 on expenses and tax rate; EBIT growth was up a healthy 20% and EPS up 33%. Guidance raised in excess of the Q2 beat. We still like this management and its business model, so recommend accumulating on weakness."
FY12 EPS estimate raised from $2.51 to $2.56 and FY13 from $2.88 to $2.93.
For an analyst ratings summary and ratings history on Dollar Tree click here. For more ratings news on Dollar Tree click here.
Shares of Dollar Tree closed at $49.11 yesterday, with a 52 week range of $38.40-$113.63.
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Analyst, Daniel Binder, said, "Shares dipped on Q2 comps that were toward the high end of plan but below consensus. EPS beats by $0.04 on expenses and tax rate; EBIT growth was up a healthy 20% and EPS up 33%. Guidance raised in excess of the Q2 beat. We still like this management and its business model, so recommend accumulating on weakness."
FY12 EPS estimate raised from $2.51 to $2.56 and FY13 from $2.88 to $2.93.
For an analyst ratings summary and ratings history on Dollar Tree click here. For more ratings news on Dollar Tree click here.
Shares of Dollar Tree closed at $49.11 yesterday, with a 52 week range of $38.40-$113.63.
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