Nomura Securities Maintains a 'Buy' on Dollar Tree (DLTR); 3Q Review

Nomura Securities maintains a 'Buy' on Dollar Tree (NASDAQ: DLTR) price target raised $2 to $89.

Nomura analyst, Aram Rubinson, said, "DLTR reported Q3 EPS of $0.87, beating the consensus by $0.04. A solid SSS increase of 4.8% against challenging comparisons (+8.7%), along with tight expense management, drove the upside. SG&A per foot was held flat from last year despite the increase in sales. We raise our EPS estimate for 2012 by $0.15 to $4.90, or 6% above consensus. We maintain our 4.5% comp expectation and 10bp GM expansion. Upside comes from better expense management. Our 2013 EPS estimate is also $0.15 higher ($6.00) off a higher base, and we moved our target price up a notch to $89."

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 $76.27 yesterday.

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