Jefferies Maintains a 'Buy' on Dollar Tree (DLTR); Dollars Don't Grow on Trees

Jefferies maintains a 'Buy' on Dollar Tree (NASDAQ: DLTR) price target of $58.00.

Analyst, Daniel Binder, said, "Shares dipped on Q2 comps that were toward the high end of plan but below consensus. EPS beats by $0.04 on expenses and tax rate; EBIT growth was up a healthy 20% and EPS up 33%. Guidance raised in excess of the Q2 beat. We still like this management and its business model, so recommend accumulating on weakness."

FY12 EPS estimate raised from $2.51 to $2.56 and FY13 from $2.88 to $2.93.

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 $49.11 yesterday.

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