In a report released today, Scot Ciccarelli from Truist Financial assigned a Buy rating to Dollar Tree (DLTR – Research Report). The company’s shares closed yesterday at $128.42.
According to TipRanks, Ciccarelli is a top 25 analyst with an average return of 19.4% and a 74.70% success rate. Ciccarelli covers the Consumer Cyclical sector, focusing on stocks such as Costco, Lowe’s, and Advance Auto Parts.
Dollar Tree has an analyst consensus of Moderate Buy, with a price target consensus of $152.85, a 19.02% upside from current levels. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $168.00 price target.
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Based on Dollar Tree’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $7.31 billion and a net profit of $212 million. In comparison, last year the company earned a revenue of $6.94 billion and had a net profit of $266.9 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DLTR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Dollar Tree (DLTR) Company Description:
Dollar Tree, Inc. is a discount variety retail store operator that sells items for $1 or less. The company operates over 15,000 stores in the United States and Canada under the Dollar Tree and Family Dollar brands. It offers a wide range of quality everyday general merchandise in several categories, including candy and food, housewares, seasonal goods, health and beauty care, stationery, books, personal accessories, toys, gifts, party goods, and other consumer items.
Read More on DLTR:
- Dollar Tree Stock (NASDAQ:DLTR): Selloff Overdone, Says Analyst
- Dollar Tree Earnings: DLTR Stocks Dive as Q4 Results Miss Expectations
- Options Volatility and Implied Earnings Moves Today, March 13, 2024
- Dollar Tree’s Transparent Financial Performance Overview
- Dollar Tree expects to close ~600 Family Dollar stores in 1H24
