Nomura Securities Q2 Review on Dollar Tree (DLTR): Little Changed
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Price: $49.38 -0.18%
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade DLTR Now!
Nomura Securities maintains a 'Neutral' on Dollar Tree (NASDAQ: DLTR) price target of $54.00.
Analyst, Aram Rubinson, said, "EPS of $0.51 were slightly ahead of our $0.48 estimate. Guidance for 2012 moved up by $0.07 to a $2.50 mid-point vs consensus at $2.49. The Street reacted to decelerating comps, which slowed to 4.5% from 5.6% in Q1. At 9.5x- 10.0x next 12-month EBITDA estimates, DLTR has been trading at nine-year high valuations. This drove our decision to downgrade DLTR shares to Neutral on July 2; a 10x multiple seemed more fitting for a company growing SSS 6-7%. We regard DLTR as a steady earnings compounder, generating ~20% EPS growth per annum on 4-5% comps. Our 2012 EPS estimate now stands at $2.52 vs $2.50 previously."
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, Aram Rubinson, said, "EPS of $0.51 were slightly ahead of our $0.48 estimate. Guidance for 2012 moved up by $0.07 to a $2.50 mid-point vs consensus at $2.49. The Street reacted to decelerating comps, which slowed to 4.5% from 5.6% in Q1. At 9.5x- 10.0x next 12-month EBITDA estimates, DLTR has been trading at nine-year high valuations. This drove our decision to downgrade DLTR shares to Neutral on July 2; a 10x multiple seemed more fitting for a company growing SSS 6-7%. We regard DLTR as a steady earnings compounder, generating ~20% EPS growth per annum on 4-5% comps. Our 2012 EPS estimate now stands at $2.52 vs $2.50 previously."
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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Earnings
Gabriel Berk Esquire on Aug 17, 2012 02:44 PMMark as Spam | Reply to this comment
Runup is comming.