Goldman Sachs analyst Kate McShane reiterated a Hold rating on Dollar Tree on August 28 and set a price target of $131.00. The company’s shares closed last Friday at $128.26.
According to TipRanks, McShane is a 3-star analyst with an average return of 2.1% and a 52.03% success rate. McShane covers the Consumer Cyclical sector, focusing on stocks such as Dick’s Sporting Goods, Tractor Supply, and Bath & Body Works.
In addition to Goldman Sachs, Dollar Tree also received a Hold from Morgan Stanley’s Simeon Gutman in a report issued on August 28. However, on the same day, BMO Capital reiterated a Sell rating on Dollar Tree (NASDAQ: DLTR).
Based on Dollar Tree’s latest earnings release for the quarter ending August 1, the company reported a quarterly revenue of $4.89 billion and a net profit of $514.5 million. In comparison, last year the company earned a revenue of $4.57 billion and had a net profit of $188.4 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLTR in relation to earlier this year.
