Dollar Tree Q1 Estimates Show Sales Slowdown; Barclays Trims Price Target to $131
Summary
Dollar Tree's Q1 estimates show net income of $302.6 million, adjusted EPS of $1.53, and revenue of $4.96 billion. A key concern is the estimated same-store sales growth of 3.3%, a significant slowdown from 5.4% in the prior year. This confirms the market's anticipation of slower Q1 sales growth, as reported yesterday. Barclays also trimmed its price target for DLTR to $131 from $149, signaling a more cautious near-term valuation, despite maintaining an Overweight rating.
At the time of this announcement, DLTR was trading at $96.57 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $18.7B. The 52-week trading range was $84.71 to $142.40. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.