Nomura Lifts PT's on Dollar Stores (DLTR) (FDO), 50% Store Growth Possible
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Price: $122.56 --0%
Rating Summary:
21 Buy, 18 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 7
Rating Summary:
21 Buy, 18 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 7
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Nomura Securities boosted its price target on Buy-rated Dollar Tree (NASDAQ: DLTR) from $57 to $62 and on Neutral-rated Family Dollar (NYSE: FDO) from $68 to $70.
The firm's analysis suggests suggests 50 percent growth to 32,000 Dollar sores is possible by following the incomes <$50k in roughly 20 underpenetrated states.
"In our opinion, 50% growth in Dollar stores would imply reasonable household shopping patterns and traffic gains," analyst Aram Rubinson comments. "Mature formats point to even more Dollar store growth, based on the store densities of Grocery, Drug or Quick-Service Restaurants. We believe Dollar stores actually parallel QSRs in their ability to thrive on low sales volumes and to capitalize on consumers choosing to “portion out” a ubiquitous good (food) in a convenient, accessible format. We are recommending only Dollar General; however, we see investment merits in Dollar Tree and Family Dollar as well."
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 $45.79 yesterday.
The firm's analysis suggests suggests 50 percent growth to 32,000 Dollar sores is possible by following the incomes <$50k in roughly 20 underpenetrated states.
"In our opinion, 50% growth in Dollar stores would imply reasonable household shopping patterns and traffic gains," analyst Aram Rubinson comments. "Mature formats point to even more Dollar store growth, based on the store densities of Grocery, Drug or Quick-Service Restaurants. We believe Dollar stores actually parallel QSRs in their ability to thrive on low sales volumes and to capitalize on consumers choosing to “portion out” a ubiquitous good (food) in a convenient, accessible format. We are recommending only Dollar General; however, we see investment merits in Dollar Tree and Family Dollar as well."
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 $45.79 yesterday.
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