Dollar Tree (DLTR) PT Raised to $100 at Guggenheim

Guggenheim analyst John Heinbockel raised the price target on Dollar Tree (NASDAQ: DLTR) to $100.00 (from $95.00) while maintaining a Buy rating.

The analyst commented: "FIVE’s positive 1Q pre-announcement, in combination with constructive third-party data over the past several weeks, suggested that logic underpinning optimistic Easter sales expectations has been realized. As such, we are raising our 1Q top- and bottom-line estimates near the high end of guidance, although believe additional upside is possible. However, we are also trimming our 2H outlook to reflect ongoing, significant tariff-related uncertainty, especially considering that the 145% China tariff remains in place. DLTR is in a better position than some discretionary retailers given multiple potential mitigation tools, such as increased pricing at the $1.25 price point and smaller pack sizes, but direct/indirect impacts are difficult to quantify. Because we continue to believe in the merit of the more consumer-relevant multi-price point (MPP) concept, we remain BUY-Rated with a slightly raised $100 price target ($95 prior)—see Exhibit 1— assuming an unchanged 9.4x multiple."

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