Why Dollar Tree, Inc. Stock Jumped 10.5% in August
Shares of Dollar Tree Inc. (NASDAQ: DLTR) jumped 10.5% in August, according to data from S&P Global Market Intelligence, after the single price-point retailer released impressive second-quarter results.
Nearly all of Dollar Tree's pop last month occurred on Aug. 24, the first trading day after it announced that second-quarter revenue had increased 5.7% to $5.28 billion, including 2.4% same-store sales growth. Net income per share fared even better, rising 36.1% to $0.98. Both figures were well above consensus expectations, which called for revenue of $5.24 billion and earnings of $0.87 per share.
IMAGE SOURCE: GETTY IMAGES
Source: Fool.com
Dollar Tree Inc. Stock
€111.00
1.690%
With 23 Buy predictions and 2 Sell predictions Dollar Tree Inc. is one of the favorites of our community.
As a result the target price of 146 € shows a positive potential of 31.53% compared to the current price of 111.0 € for Dollar Tree Inc..
