Dollar Tree, Inc. (NASDAQ:DLTR) Sees Positive Price Target from Truist Financial

Core Insights - Dollar Tree, Inc. is a prominent discount retailer in the U.S., offering products at a fixed price of one dollar and competing with other discount retailers like Dollar General and Family Dollar [1] Financial Performance - Truist Financial set a price target of $136 for Dollar Tree, indicating a potential price increase of approximately 19.25% from its current price of $114.05 [2][5] - The company reported a 12% year-over-year increase in earnings per share (EPS) from continuing operations, reaching $1.21, surpassing the Zacks Consensus Estimate of $1.09 [2][5] - Dollar Tree's net sales increased by 9.4% year over year to $4.75 billion, slightly above the anticipated $4.74 billion [3][5] - The company experienced a 4.2% growth in same-store sales, driven by a higher average ticket despite a decline in traffic [3] Margin and Cost Management - Dollar Tree's gross margin expanded by 40 basis points, benefiting from stronger pricing, reduced freight costs, and a healthier sales mix [4][5]