Analyst Eyes Dollar General's Recovery And Dollar Tree's Steady Health Ahead Of Quarterly Reports
Portfolio Pulse from Nabaparna Bhattacharya
Ahead of their quarterly reports, Piper Sandler analyst Peter J. Keith provided insights on Dollar General and Dollar Tree, noting a solid improvement in Dollar General's foot traffic and a slight downtick for Dollar Tree. Keith reiterated an Overweight rating on Dollar Tree with a $171 price target and expects a Q4 EPS of $2.72. For Dollar General, he has a Neutral rating with a $127 price target and anticipates a Q4 EPS of $1.66. Savers Value Village is also mentioned with an upcoming report and an Overweight rating at a $24 forecast.
March 01, 2024 | 6:51 pm
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POSITIVE IMPACT
Dollar Tree is expected to report strong Q4 earnings with an EPS of $2.72, surpassing consensus. The Overweight rating and $171 price target suggest positive momentum.
The analyst's positive outlook, based on improved holiday offerings and ongoing multi-price initiatives, suggests a potential uptick in Dollar Tree's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Savers Value Village is rated Overweight with a $24 price target ahead of its quarterly report, indicating potential upside.
The Overweight rating and positive price target suggest that the analyst sees potential growth for Savers Value Village, possibly impacting its stock positively.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Dollar General's Q4 EPS is expected at $1.66, below consensus, despite improved sales trends. The Neutral rating and $127 price target indicate cautious optimism.
While the Q4 EPS forecast is below consensus, the improvement in sales trends and the new Back to Basics strategy may support Dollar General's stock in the short term.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 85