Dollar Tree (DLTR) posts weak Q4 earnings, plans to close 970 stores; shares dip

Dollar Tree (DLTR) PT Lowered to $144 at Evercore ISI, 'Taking Decisive Action, Execution Risk Remains'

March 14, 2024 5:28 AM EDT

Evercore ISI analyst Michael Montani lowered the price target on Dollar Tree (NASDAQ: DLTR) to $144.00 (from $157.00) while maintaining a In Line rating.

The analyst comments "What we liked: Dollar Tree topline and margin mojo. Decisive action on FDO closures. Buyback dry powder. Sales & margin recapture oppt. Dollar Tree banners 6.3%... More

Dollar Tree (DLTR) PT Lowered to $155 at Deutsche Bank, 'Dollar Drama Strikes Again'

March 14, 2024 5:25 AM EDT

Deutsche Bank analyst Krisztina Katai lowered the price target on Dollar Tree (NASDAQ: DLTR) to $155.00 (from $166.00) while maintaining a Buy rating.

The analyst comments "DLTR prints have not lacked drama of late and we got plenty today: 1) 4Q was mixed and charges made it messy; 2) 1Q was guided well below consensus; 3) 2024 outlook bracketed... More

Dollar Tree (DLTR) PT Raised to $152 at Goldman Sachs, 'Shrink and mix weigh on outlook'

March 14, 2024 4:09 AM EDT

Goldman Sachs analyst Kate McShane raised the price target on Dollar Tree (NASDAQ: DLTR) to $152.00 (from $144.00) while maintaining a Buy rating.

The analyst comments "DLTR closed down -14.2% (vs S&P -0.2%), after its 4Q miss and in-line FY24 guidance, noting most investor... More

Dollar Tree (DLTR) PT Lowered to $128 at Jefferies, 'unfavorable sales mix'

March 13, 2024 4:38 PM EDT

Jefferies analyst Randal J. Konik lowered the price target on Dollar Tree (NASDAQ: DLTR) to $128.00 (from $130.00) while maintaining a Hold rating.

The analyst comments "4Q top- and bottom-line missed expectations. DLTR is closing ~1K underperforming FDO stores in the coming years. Meanwhile,... More

Dollar Tree (DLTR) PT Raised to $109 at CFRA

March 13, 2024 12:15 PM EDT

CFRA analyst Arun Sundaram raised the price target on Dollar Tree (NASDAQ: DLTR) to $109.00 (from $104.00) while maintaining a Sell rating.

The analyst comments "We lift our 12-month target to $109 from $104, 16.5x our FY 25 (Jan.) EPS of $6.61 (up from $6.49; we initiate FY 26's at... More

Dollar Tree misses holiday-quarter estimates, to shut nearly 1,000 stores

March 13, 2024 6:49 AM EDT

By Granth Vanaik and Anuja Bharat Mistry

(Reuters) -Dollar Tree missed market expectations for holiday-quarter sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling business.

Shares of Dollar Tree fell about 14% after it also forecast 2024 sales and profit below expectations. Shares of rival Dollar General Corp fell 2.8%.

Dollar stores have struggled following competition for consumer spending from Chinese e-commerce platform Temu, owned by PDD Group, which sells $4 home decor items and other low-cost... More