Dollar Tree, Inc. (DLTR) is gearing up to announce its second-quarter earnings results on Wednesday, September 4th, before the market opens. Analysts are projecting the Chesapeake, Virginia-based discount retailer to report earnings of $1.04 per share, an improvement from the 91 cents per share earned in the same period last year. Based on data from Benzinga Pro, Dollar Tree is expected to report quarterly revenue of $7.49 billion.
In its first-quarter report on June 5th, the company revealed a 4.22% sales increase, reaching $7.63 billion, which aligned with analysts’ expectations. However, Dollar Tree’s stock took a hit on Tuesday, closing down 3.4% at $81.65.
While analysts anticipate a positive earnings report, their outlook on the stock’s future performance is diverse. Benzinga’s analysis of recent analyst ratings reveals a range of opinions. Telsey Advisory Group’s Joseph Feldman maintained an Outperform rating but reduced the price target from $155 to $120 on August 30th. Feldman boasts an accuracy rate of 71%. Piper Sandler’s Peter Keith downgraded the stock from Overweight to Neutral and lowered the price target from $143 to $112 on July 16th. Keith’s accuracy rate stands at 72%.
UBS analyst Michael Lasser kept a Buy rating but cut the price target from $170 to $155 on June 28th. Lasser’s accuracy rate is 78%. Evercore ISI Group’s Greg Melich maintained an In-Line rating while raising the price target from $136 to $137 on June 20th. Melich has a 78% accuracy rate. Finally, Truist Securities’ Scot Ciccarelli retained a Buy rating but reduced the price target from $147 to $140 on June 6th. Ciccarelli’s accuracy rate is 72%.
The varying opinions from these analysts highlight the uncertainty surrounding Dollar Tree’s future prospects. Investors considering DLTR stock should carefully evaluate these diverse perspectives before making any investment decisions.
