DLTR - Dollar Tree's Q3 Suggests Market Share Gains At Both Banner Stores: 4 Analysts Take A Look | Benzinga
Dollar Tree Inc (NASDAQ: DLTR) shares were rising on Thursday, after tanking in the previous session on the company’s quarterly results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
Truist Securities On Dollar Tree
Analyst Scot Ciccarelli maintained a Buy rating while raising the price target from $129 to $135.
Dollar Tree’s quarterly sales were in-line with the Street estimates and "solid on a 4-yr stack,” Ciccarelli wrote in a note. "That said, FDO’s sales were below our/Street ests. and are expected to remain soft in 4Q, largely due to macro pressures on lower-income consumers/weak discretionary trends,” he added.
"The slowdown is disappointing, but the continued mkt share gains are encouraging and we believe ...