Why Dollar Tree, Inc. Stock Popped Today
Shares of Dollar Tree Inc. (NASDAQ: DLTR) were up 9.5% as of 1 p.m. EDT Thursday after the specialty discount retailer announced strong fiscal second-quarter 2017 results.
More specifically, Dollar Tree's revenue climbed 5.7% year over year to $5.28 billion, helped by a 2.4% increase in consolidated same-store sales. On the bottom line, that translated to net income of $233.8 million, and 36.1% growth in earnings per diluted share to $0.98. Analysts, on average, were only expecting earnings of $0.87 per share on revenue of $5.24 billion.
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Source: Fool.com
Dollar Tree Inc. Stock
€111.50
-1.480%
Currently there is a rather positive sentiment for Dollar Tree Inc. with 26 Buy predictions and 18 Sell predictions.
However, we have a potential of -4.04% for Dollar Tree Inc. as the target price of 107 € is below the current price of 111.5 €.
