MKM Partners Maintains a 'Neutral' on Dollar Tree (DLTR); Adjusting PT and Estimates After Q2 Results
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Price: $50.60 +0.92%
Rating Summary:
11 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
11 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
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MKM Partners maintains a 'Neutral' on Dollar Tree (NASDAQ: DLTR) price target of $51.00 (from $53.00)
Analyst, Patrick McKeever, said, "Dollar Tree had another very good quarter, though same-store sales came in a bit light of expectations (up 4.5% vs. our 5.0% estimate and the Street’s 4.8%) and slowed sequentially, particularly on a two-year-stacked basis.
"We are lowering our 3Q12 same-store sales estimate from 5.0% to 4.0% to reflect the slightly slower trend seen in 2Q12, and we are trimming our EPS estimate from $0.50 to $0.49, up 14% y/y and vs. new guidance of $0.47-$0.51. For 4Q12, we continue to expect a 2.5% comp increase on top of a 7.3% gain last year, though this may be a bit aggressive. For all of FY12, we now look for EPS of $2.50 vs. our prior $2.45."
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, Patrick McKeever, said, "Dollar Tree had another very good quarter, though same-store sales came in a bit light of expectations (up 4.5% vs. our 5.0% estimate and the Street’s 4.8%) and slowed sequentially, particularly on a two-year-stacked basis.
"We are lowering our 3Q12 same-store sales estimate from 5.0% to 4.0% to reflect the slightly slower trend seen in 2Q12, and we are trimming our EPS estimate from $0.50 to $0.49, up 14% y/y and vs. new guidance of $0.47-$0.51. For 4Q12, we continue to expect a 2.5% comp increase on top of a 7.3% gain last year, though this may be a bit aggressive. For all of FY12, we now look for EPS of $2.50 vs. our prior $2.45."
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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