Jefferies Raises Numbers on Dollar Tree (DLTR); Expecting Solid Q4 Sales
Tweet
Share
E-mailGet Alerts DLTR Hot Sheet
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
Join SI Premium – FREE
Jefferies maintains a 'Buy' on Dollar Tree (NASDAQ: DLTR) price target raised from $88 to $100.
Analyst, Daniel Binder, said, "While shares have run up, we think investors should continue to ride the good momentum in the Dollar Tree business. We believe sales exceeded our original expectations in Q4 so we raising our SSS estimate to 6%. Our checks suggest that food & consumables continued to outpace discretionary goods, so we are not modeling gross margin improvement. However, SG&A leverage should be strong and share buyback accretive."
Jefferies raises Q4 EPS from $1.55 to $1.59, FY12 EPS from $3.99 to $4.02 and FY13 from $4.71 to $5.00.
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 $87.76 yesterday.
Analyst, Daniel Binder, said, "While shares have run up, we think investors should continue to ride the good momentum in the Dollar Tree business. We believe sales exceeded our original expectations in Q4 so we raising our SSS estimate to 6%. Our checks suggest that food & consumables continued to outpace discretionary goods, so we are not modeling gross margin improvement. However, SG&A leverage should be strong and share buyback accretive."
Jefferies raises Q4 EPS from $1.55 to $1.59, FY12 EPS from $3.99 to $4.02 and FY13 from $4.71 to $5.00.
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 $87.76 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co, Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
