DLTR - Dollar Tree's Strategic Review Of Family Dollar Overdue Analysts Cut Price Forecast | Benzinga
Dollar Tree, Inc. (NASDAQ:DLTR) shares are trading marginally lower on Thursday.
Yesterday, the retail behemoth reported its first-quarter same-store sales growth of 1.7% for the Dollar Tree segment, 0.1% for Family Dollar, and 1% for Enterprise.
Check This Out: Dollar Tree Evaluates Family Dollar’s Fate After Mixed Q1 Results; Stock Slides
Here’s a glimpse into analysts’ reactions to the company’s quarterly performance:
- Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating, lowering the price forecast to $155 from $160.
- JPMorgan analyst Matthew R. Boss maintained an Overweight rating, reducing the price forecast of $135 from $152.
- BofA Securities analyst Robert F. Ohmes reiterated the Underperform rating, lowering the price forecast to $117 from $120.
Telsey Advisory Group: According to the analyst, Dollar Tree is doing what is necessary to transform the business to drive future growth and value.
Feldman highlights that the company is faced with difficult decisions, especially related to ...