Dollar Tree Gets Price Target Cuts By Analysts After Q1 Results
Portfolio Pulse from Lisa Levin
Dollar Tree reported mixed Q1 results with sales growth of 6% YoY to $7.32 billion, beating consensus, but adjusted EPS of $1.47 missed the consensus of $1.52. The company revised its FY23 sales guidance and lowered its EPS outlook. Following the announcement, several analysts cut their price targets on Dollar Tree.
May 26, 2023 | 11:07 am
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Dollar Tree's mixed Q1 results led to price target cuts by Telsey Advisory Group, Barclays, and Citigroup. The company's shares dropped 12% to close at $136.66 on Thursday.
Dollar Tree's mixed Q1 results, with sales growth beating consensus but adjusted EPS missing, led to price target cuts by several analysts. This negative sentiment is likely to put downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100