Nomura Securities Maintains a 'Buy' on Dollar Tree (DLTR); Q3 Preview
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Price: $129.54 +0.12%
Rating Summary:
17 Buy, 22 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
17 Buy, 22 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Nomura Securities maintains a 'Buy' on Dollar Tree (NASDAQ: DLTR) price target of $87.00.
Nomura analyst, Aram Rubinson, said, "DLTR will report 3Q results on Nov 17. The release comes with a difficult year-ago comparison (+8.7%). While shares offer only decent upside in the near term ($87 target), we continue to rate DLTR Buy. Seasonally, DLTR earns 36.5% of full-year EBIT in H1. Our model therefore appears conservative (we assume 40.7%). If historical patterns were to hold, we could see as much as $0.15 of upside in H2, though a lot will depend on the comp trend, which is hard to gauge. While short-term upside may be modest by some standards, a bias to the upside plus long-term prospects suggest that a Buy rating is warranted."
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 $78.67 yesterday.
Nomura analyst, Aram Rubinson, said, "DLTR will report 3Q results on Nov 17. The release comes with a difficult year-ago comparison (+8.7%). While shares offer only decent upside in the near term ($87 target), we continue to rate DLTR Buy. Seasonally, DLTR earns 36.5% of full-year EBIT in H1. Our model therefore appears conservative (we assume 40.7%). If historical patterns were to hold, we could see as much as $0.15 of upside in H2, though a lot will depend on the comp trend, which is hard to gauge. While short-term upside may be modest by some standards, a bias to the upside plus long-term prospects suggest that a Buy rating is warranted."
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 $78.67 yesterday.
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