Dollar Tree's Q3 Suggests Market Share Gains At Both Banner Stores: 4 Analysts Take A Look
Portfolio Pulse from Priya Nigam
Dollar Tree Inc (NASDAQ:DLTR) shares rose after Q3 earnings, with analysts noting market share gains at both Dollar Tree and Family Dollar stores. Truist Securities raised the price target from $129 to $135, Goldman Sachs from $137 to $144, and BMO Capital Markets maintained a target of $170. Analysts highlighted solid sales, investments in pricing and stores, and a resilient EPS despite top-line pressures. A Family Dollar store portfolio review was also mentioned as potentially positive.
November 30, 2023 | 7:12 pm
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Dollar Tree's Q3 earnings indicate market share gains and solid sales, leading to increased price targets by Truist Securities, Goldman Sachs, and BMO Capital Markets. The company's EPS is seen as resilient, and a Family Dollar store portfolio review could be a net positive.
The positive sentiment from analysts, including raised price targets and recognition of market share gains, suggests a bullish outlook for Dollar Tree in the short term. The reiteration of a resilient EPS and the potential upside from a Family Dollar store portfolio review further support a likely increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100