Dollar Tree Faces Mounting Headwinds: Analysts Lower Price Forecasts Amid Competitive Pressures and Rising Costs
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Dollar Tree, Inc. (NASDAQ:DLTR) shares are trading higher on Thursday.
Yesterday, however, the company’s shares tumbled after it reported worse-than-expected second-quarter financial results and cut the outlook.
The discount variety stores chain reported an adjusted EPS of $0.67, missing the consensus of $1.04, and down 26.4% year over year.
Analysts covering the company provided their takes:
- BMO Capital Markets analyst Kelly Bania downgraded the stock to Market Perform from Outperform, lowering the price forecast to $68 from $130.
- Truist Securities analyst Scot Ciccarelli reiterated the Buy rating, lowering the price forecast to $79 from $140.
- KeyBanc Capital Markets analyst Bradley B. Thomas maintained the Overweight rating, decreasing the price forecast to $84 from $145.
- Piper Sandler analyst Peter J. Keith reiterated the Neutral rating, decreasing the price forecast to $67 from $112.
Also Read: Dollar Tree’s Q2 Struggles: Analysts Question Pricing, …
Full story available on Benzinga.com
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