Dollar Tree Analysts Boost Their Forecasts Following Better-Than-Expected Q3 Earnings

Core Insights - Dollar Tree, Inc. reported stronger-than-expected quarterly results with adjusted earnings per share of $1.21, surpassing the analyst consensus estimate of $1.08 [1] - The company achieved quarterly sales of $4.746 billion, reflecting a 9.4% year-over-year increase, exceeding the expected $4.699 billion [1] Financial Performance - The fiscal 2025 adjusted earnings guidance was raised to a range of $5.60 to $5.80 per share, up from the previous range of $5.32 to $5.72, compared to the consensus estimate of $5.51 [2] - Dollar Tree narrowed its fiscal 2025 sales outlook to $19.35 billion to $19.45 billion from $19.30 billion to $19.50 billion, aligning closely with the analyst estimate of $19.433 billion [2] Market Reaction - Following the earnings announcement, Dollar Tree shares increased by 3% to trade at $116.32 [3] - Analysts adjusted their price targets for Dollar Tree, reflecting varied outlooks on the stock's performance [3] Analyst Ratings - B of A Securities maintained an Underperform rating, raising the price target from $75 to $85 [5] - Telsey Advisory Group maintained an Outperform rating, increasing the price target from $130 to $135 [5] - Guggenheim maintained a Buy rating, raising the price target from $125 to $130 [5]