Dollar Tree (DLTR) PT Lowered to $155 at Telsey

Dollar Tree (DLTR) PT Lowered to $149 at Deutsche Bank

June 6, 2024 9:22 AM EDT

Deutsche Bank analyst Krisztina Katai lowered the price target on Dollar Tree (NASDAQ: DLTR) to $149.00 (from $151.00) while maintaining a Buy rating.

The analyst comments "The much anticipated announcement of a strategic review of Family Dollar which could include a possible sale of the business was more than offset... More

Citi Downgrades Dollar Tree (DLTR) to Neutral

June 6, 2024 6:49 AM EDT

Citi analyst Paul Lejeuz downgraded Dollar Tree (NASDAQ: DLTR) from Buy to Neutral with a price target of $120.00 (from $163.00).

The analyst comments "We are downgrading DLTR from Buy to Neutral. The DLTR story had two key parts (that underpinned of our previous Buy... More

Dollar Tree (DLTR) PT Lowered to $136 at Evercore ISI

June 6, 2024 5:37 AM EDT

Evercore ISI analyst Michael Montani lowered the price target on Dollar Tree (NASDAQ: DLTR) to $136.00 (from $138.00) while maintaining a In Line rating.

The analyst comments "Dollar Tree is making difficult but necessary choices to evolve the business amidst a challenging consumer backdrop. 1Q Comp... More

Dollar Tree (DLTR) PT Lowered to $135 at JPMorgan

June 6, 2024 4:53 AM EDT

JPMorgan analyst Matthew Boss lowered the price target on Dollar Tree (NASDAQ: DLTR) to $135.00 (from $152.00) while maintaining a Overweight rating.

The analyst comments "Near-term, mgmt guided 2Q EPS of $1.00 to $1.10 incl. $0.10 negative impact from loss of Marietta distribution center (bracketing Consensus at... More

Dollar Tree (DLTR) PT Lowered to $115 at Gordon Haskett

June 5, 2024 4:07 PM EDT

Gordon Haskett analyst Chuck Grom lowered the price target on Dollar Tree (NASDAQ: DLTR) to $115.00 (from $140.00) while maintaining a Hold (3) rating.... More

Dollar Tree (DLTR) July 110 puts and July 130 calls active as share price down 5%

June 5, 2024 2:33 PM EDT

Dollar Tree (NASDAQ: DLTR) 30-day option implied volatility is at 27; compared to its 52-week range of 20 to 52 amid active July 110 puts and July 130 calls as share price down 5% after quarter results.

... More

Dollar Tree (DLTR) PT Lowered to $115 at Jefferies

June 5, 2024 11:42 AM EDT

Jefferies analyst Randal J. Konik lowered the price target on Dollar Tree (NASDAQ: DLTR) to $115.00 (from $128.00) while maintaining a Hold rating.

The analyst comments "While DLTR's top line beat mgmt's guidance and EPS was in line with expectations, DLTR witnessed SSS headwinds from a... More

Midday movers: CrowdStrike, HPE, Intel rise; Dollar Tree falls

June 5, 2024 8:18 AM EDT

(Updated - June 5, 2024 11:40 AM EDT)

Investing.com -- U.S. stock futures rose Wednesday following the release of monthly U.S. ADP private payrolls data, ahead of Fridays key nonfarm payrolls report. The ADP data showed private sector job gains were not as strong as expected, another potential sign of cooling in the labor market, and a hopeful signal for potential Fed rate cuts.

Here are some of the biggest U.S. stock movers today:

Hewlett Packard Enterprise (NYSE:... More

Dollar Tree (DLTR) Reports In-Line Q1 EPS; offers guidance

June 5, 2024 6:33 AM EDT

Dollar Tree (NASDAQ: DLTR) reported Q1 EPS of $1.43, in-line with the analyst estimate of $1.43. Revenue for the quarter came in at $7.63 billion versus the consensus estimate of $7.65 billion.

GUIDANCE:

Dollar Tree sees FY2025 EPS of $6.50-$7.00, versus the consensus... More

Dollar Tree (DLTR) to Review Strategic Alternatives for Family Dollar

June 5, 2024 6:31 AM EDT

Dollar Tree, Inc. (NASDAQ: DLTR) today announced that the Company has initiated a formal review of strategic alternatives of the Companys Family Dollar business segment, which could include among others, a potential sale, spin off or other disposition of the business.

Dollar Tree has been on a multi-year journey to help the Company fully achieve its potential, said Rick Dreiling, Chairman and Chief Executive Officer, Dollar Tree, Inc. Last year, we announced a comprehensive review of the Family Dollar portfolio, including the planned closure of... More

Dollar Tree explores sale of struggling Family Dollar banner

June 5, 2024 6:01 AM EDT

By Granth Vanaik and Ananya Mariam Rajesh

(Reuters) -Dollar Tree said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as it looks to restructure business amid still-high inflation that continues to strain consumer spending.

The retailer, like its peer Dollar General, has been grappling with weak discretionary demand as shoppers focus more on less-profitable consumables. It is facing stiff competition from rivals Walmart, Target and Chinese e-commerce platform Temu, which are also offering lower-priced products to attract budget-stretched Americans.

... More

Dollar Tree trims 2024 earnings guidance, considers sale or spin-off of Family Dollar

June 5, 2024 6:00 AM EDT

(Updated - June 5, 2024 9:38 AM EDT)

Dollar Tree (NASDAQ: DLTR) reported in-line Q1 earnings and trimmed its outlook for the full fiscal 2024.

DLTR shares rose slightly at the market open.

For Q1, the discount store chain reported earnings per share (EPS) at $1.43, matching the analyst estimate of $1.43. The company generated revenue of $7.63 billion for the quarter, slightly below the consensus estimate of $7.65 billion.

Enterprise comparable sales increased by 1% compared to 4.8% year-over-year, but fell short of the estimate of 2.33%. The gross profit margin was 30.8%, up from 30.5% y/y, aligning with... More

Dollar Tree (DLTR) options active into quarter results

June 5, 2024 5:30 AM EDT

Dollar Tree (NASDAQ: DLTR) 30-day option implied volatility is at 49; compared to its 52-week range of 20 to 52. Options active on 39K contracts into expected release of quarter results today.

... More

Dollar Tree (DLTR) Mulls Sale, Spinoff of Family Dollar - WSJ

June 5, 2024 5:16 AM EDT

(Updated - June 5, 2024 5:19 AM EDT)

Dollar Tree (NYSE: DLTR) is mulling potential sale or spinoff of Family Dollar - WSJ

Dollar Tree is expected to announce its plans publicly later Wednesday, along with Q1 report.DLTR reportedly hired JPMorgan to help with the process.... More