Latest news with #DollarTree
Yahoo
15 hours ago
- Business
- Yahoo
Why Dollar Tree, Inc. (DLTR) Soared On Thursday
We recently published a list of . In this article, we are going to take a look at where Dollar Tree, Inc. (NASDAQ:DLTR) stands against other best-performing stocks on Thursday. Dollar Tree rebounded by 9.08 percent on Thursday to finish at $96.67 apiece as investors resorted to bargain-hunting following the previous day's drop. Dollar Tree, Inc. (NASDAQ:DLTR), which originally targets the low-income households, announced on Wednesday that it is seeing an increasing number of high-income class households checking out their products. A shopper browsing through a discount retailers merchandise aisle filled with a wide variety of items. In the first quarter of the year, Dollar Tree, Inc. (NASDAQ:DLTR) grew its net income by 14.4 percent to $343.4 million from $300.1 million in the same period last year. Revenues also increased by 10 percent to $4.6 billion from $4.17 billion year-on-year. Its strong performance reaffirmed the company's optimism for the rest of the year. According to Dollar Tree, Inc. (NASDAQ:DLTR), it is maintaining its net sales outlook of $18.5 billion to $19.1 billion, based on comparable store net sales growth in the range of 3 percent to 5 percent. For the second quarter alone, comparable net sales growth are expected to hit the higher end of its previous 3-5 percent growth outlook. Overall, DLTR ranks 7th on our list of best-performing stocks on Thursday. While we acknowledge the potential of DLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Why Dollar Tree, Inc. (DLTR) Crashed On Wednesday
We recently published a list of . In this article, we are going to take a look at where Dollar Tree, Inc. (NASDAQ:DLTR) stands against other worst-performing stocks on Wednesday. Dollar Tree saw its share prices decline by 8.37 percent on Wednesday to end at $88.62 apiece as investors took profits following yesterday's gains, likely influenced by comments from its competitor's chief executive that they have seen an increasing number of middle- to high-income class customers during the past quarter. Despite reporting impressive earnings performance on Wednesday, the drop in share prices of Dollar Tree, Inc. (NASDAQ:DLTR) suggested that investors have already priced in the news. A shopper browsing through a discount retailers merchandise aisle filled with a wide variety of items. A day after Dollar General's comments, Dollar Tree, Inc. (NASDAQ:DLTR) said that it has likewise recorded higher-income customers shopping at its stores. In the first quarter of the year, Dollar Tree, Inc. (NASDAQ:DLTR) grew its net income by 14.4 percent to $343.4 million from $300.1 million in the same period last year. Revenues also increased by 10 percent to $4.6 billion from $4.17 billion year-on-year. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
Dollar Tree price target raised to $100 from $95 at Telsey Advisory
Telsey Advisory raised the firm's price target on Dollar Tree (DLTR) to $100 from $95 and keeps a Market Perform rating on the shares. The firm remains constructive on the company's transformation, believing it should benefit from progress on its strategy, the analyst tells investors. Uncertainty around the tariffs and execution, however, keeps the firm concerned. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on DLTR: Disclaimer & DisclosureReport an Issue Salesforce initiated, Dollar Tree upgraded: Wall Street's top analyst calls Dollar Tree price target raised to $109 from $100 at Truist Dollar Tree price target raised to $92 from $85 at Evercore ISI Dollar Tree price target raised to $85 from $80 at BMO Capital Hold Rating for Dollar Tree Amid Strong Sales and Tariff Challenges Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 days ago
- Business
- Business Insider
Dollar stores are seizing the moment as American shoppers pinch their pennies
Dollar stores won over a wide swath of shoppers this spring as many tried to save money in the face of sharp tariffs. Dollar General, Dollar Tree, and Five Below each reported sales this week that beat analysts' expectations. Results for all three chains included the impact of President Donald Trump's " Liberation Day" tariffs on various countries, including China. Many of those duties have since been paused or reduced. The three companies import a lot of products from China, which saw tariff rates as high as 145%, but they've managed to keep their prices relatively low so far. That appears to have encouraged shoppers to turn to dollar stores for relief from high prices elsewhere. "In the current environment, our low prices and smaller pack sizes are perfect for families trying to manage a tight household budget," Dollar Tree CEO Michael Creedon said on an earnings call this week. The chains have also been attracting more customers with six-figure incomes as more affluent shoppers look to save money (and time). Discount stores typically see sales boosts in difficult economic times — and that certainly could be a factor here — but the chains have also invested in sprucing up their stores, keeping inventories in stock, and staffing for better customer service. Dollar General's delivery effort has helped bring in a "new and diverse" group of customers, CEO Todd Vasos said on his company's earnings call. Rival Dollar Tree said it also saw more people with household incomes above $100,000 visit its stores during the quarter. "We want to make sure we delight them, exceed their expectations, and create a sticky relationship with them," Creedon said. A successful start to a challenging year for dollar stores Keeping those customers coming in could be hard for the discount chains, as import costs pressure profits, prices squeeze consumers, and competitors edge in. While Trump's tariffs on many imports are now lower than those he announced in April, retailers took hits from short-term spikes in the duties — and it's not entirely clear where rates will go from here. Dollar Tree's costs rose $70 million when the tariff on imports from China temporarily rose to 145%, the company said on Wednesday. The company warned that the costs could roughly cut its earnings per share in half next quarter. Five Below partially dodged the blow by pausing imports from China when tariffs peaked at 145%, later resuming shipments when they were cut to 30%. The discount store — its name nods to products that cost $5 or less — also said Wednesday that it has reduced the share of goods it imports from China by 10 percentage points to about half. A reliance on products made in China could create problems if tariffs go up again. Trump's 90-day pause on higher tariffs on imports from China is set to expire in mid-August. "Our biggest concern remains the company's exposure to China," William Blair analyst Phillip Blee wrote in a research note after Five Below reported earnings. These chains also face growing competition from Amazon and Walmart, both of which are expanding delivery services in smaller markets. For now, at least, the tariff storm and general uncertainty that initially appeared to pose a serious threat to dollar stores' import-heavy business model seem to be helping drive sales and traffic growth. "We've got a lot ahead of us in terms of potential and white space in the market, and with improvements in terms of our execution," Five Below CEO Winnie Park said Wednesday.
Yahoo
2 days ago
- Business
- Yahoo
Why Dollar Tree Stock Was Racing Higher on Thursday
Several analysts tracking the stock became more bullish on its prospects. This followed an investor sell-off in the wake of the company's latest quarterly earnings release. 10 stocks we like better than Dollar Tree › Dollar Tree (NASDAQ: DLTR) stock was adding a few dollars to its stock price as the Thursday trading session approached closing time. Although investors weren't impressed by the quarterly earnings report the company posted the previous morning, sentiment improved thanks to price target raises -- and even one recommendation upgrade -- by analysts Thursday. Dollar Tree's share price was more than 8% higher in mid-afternoon action, contrasting very favorably with the 0.2% dip of the S&P 500 index. Dollar Tree published its fiscal first-quarter figures Wednesday morning. However, investors were more concerned about management's lower-than-expected sales guidance for the year than the double-digit gain it posted in revenue, and its notable improvement in same-store sales. Analysts were more impressed, and on Thursday more than a few published bullish updates on their Dollar Tree takes. One that stood out was written by J.P. Morgan's Matthew Boss, who went so far as to upgrade his recommendation on the stock to overweight (read: buy) from neutral. He also cranked his price target well higher -- it's now $111 per share, where previously it stood at $72. According to reports, Boss feels that Dollar Tree has the potential to return to double-digit profitability growth given the numerous levers it can pull to boost the bottom line. He believes it'll be successful devising tariff mitigation measures (should tariffs remain an issue), and it should save on costs following the recent deal it reached to divest its Family Dollar brand for just over $1 billion. I'd be more inclined to side with the view of those optimistic analysts than that of the bearish investors who sold out of Dollar Tree post-earnings. Economic insecurity is growing for many American consumers, a situation that benefits discount retailers that effectively attract shoppers with constricted budgets. I would certainly consider buying this stock now. Before you buy stock in Dollar Tree, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Dollar Tree wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool has a disclosure policy. Why Dollar Tree Stock Was Racing Higher on Thursday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
