Nomura Securities Maintains a 'Buy' on Dollar Tree (DLTR); Raising PT and FY13 Estimates
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Price: $128.64 -0.58%
Rating Summary:
17 Buy, 22 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
17 Buy, 22 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Nomura Securities maintains a 'Buy' on Dollar Tree (NASDAQ: DLTR) price target raised from $100 to $108.
Analyst, Aram Rubinson, said, "DLTR’s Q1 EPS of $1.00 beat the Street and our $0.96 estimate. Two-year comps accelerated nicely to 12.7% from 11.2%. Per-foot levels rose 6% y-y and DSI’s increased 1 day to 78 days. The company ascribes higher merchandise levels partly to a ramping distribution network in Canada and mostly to greater freight in transit from overseas. We take more comfort in the apparent “newness” of the inventory. Purchases indicate that DLTR had bought for a +6.7% Q1 comp. Our 2012E EPS of $5.00 remains unchanged, while 2013E goes from $6.00 to $6.05."
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 $95.13 yesterday.
Analyst, Aram Rubinson, said, "DLTR’s Q1 EPS of $1.00 beat the Street and our $0.96 estimate. Two-year comps accelerated nicely to 12.7% from 11.2%. Per-foot levels rose 6% y-y and DSI’s increased 1 day to 78 days. The company ascribes higher merchandise levels partly to a ramping distribution network in Canada and mostly to greater freight in transit from overseas. We take more comfort in the apparent “newness” of the inventory. Purchases indicate that DLTR had bought for a +6.7% Q1 comp. Our 2012E EPS of $5.00 remains unchanged, while 2013E goes from $6.00 to $6.05."
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 $95.13 yesterday.
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