Wedbush Reiterates an 'Outperform' on Dollar Tree (DLTR); Strong Q2; Guidance Slightly Below Lofty Expectations
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Price: $129.39 -0.11%
Rating Summary:
17 Buy, 22 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 22 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush reiterates an 'Outperform' on Dollar Tree (NASDAQ: DLTR) price target of $57.00 (from $56.00).
Analyst, Joan Storms, said, Q2 EPS of $0.51 vs. $0.39 LY was above guidance for EPS of $0.44-$0.47 and our/consensus estimates of $0.46/$0.47; Q2 comps were up 4.5% vs. 4.7% versus guidance for low- to mid-single digits and our/consensus 4.0%/4.9%...We see a number of positives going forward, including the ongoing rollout of coolers, improving outlook for Deal$, better leverage of e-commerce, and Canada expansion. The company continues to expand distribution by developing a number of store concepts, including Deal$, Dollar Giant (Canada), and by testing a new smaller store (~4,000 sq. ft) concept called "Dollar Tree Stop."
Q4 EPS estimate raised from $0.99 to $1.01, FY12 from $2.47 to $2.52 and FY13 from $2.88 to $2.91.
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 $50.00 yesterday.
Analyst, Joan Storms, said, Q2 EPS of $0.51 vs. $0.39 LY was above guidance for EPS of $0.44-$0.47 and our/consensus estimates of $0.46/$0.47; Q2 comps were up 4.5% vs. 4.7% versus guidance for low- to mid-single digits and our/consensus 4.0%/4.9%...We see a number of positives going forward, including the ongoing rollout of coolers, improving outlook for Deal$, better leverage of e-commerce, and Canada expansion. The company continues to expand distribution by developing a number of store concepts, including Deal$, Dollar Giant (Canada), and by testing a new smaller store (~4,000 sq. ft) concept called "Dollar Tree Stop."
Q4 EPS estimate raised from $0.99 to $1.01, FY12 from $2.47 to $2.52 and FY13 from $2.88 to $2.91.
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 $50.00 yesterday.
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