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Fly News Breaks for March 5, 2020
DLTR
Mar 5, 2020 | 08:43 EDT
RBC Capital analyst Scot Ciccarelli lowered the firm's price target on Dollar Tree to $90 after its Q4 results that missed comp expectations due to the shorter holiday season as well as compressed margins. The analyst is still keeping his Outperform rating while noting that its Family Dollar margin performance was better than he expected and its guidance appears to be "reasonable/conservative". Ciccarelli believes that the stock will be range-bound in the near term before a rebound later in 2020.
News For DLTR From the Last 2 Days
DLTR
May 19, 2022 | 07:33 EDT
Truist analyst Scot Ciccarelli lowered the firm's price target on Dollar Tree (DLTR) to $147 from $165 but keeps a Buy rating on the shares as part of a broader research note on Retail following disappointing earnings from Walmart (WMT) and Target (TGT). The analyst states that the results suggest that consumers' willingness to absorb price increases is becoming "increasingly challenged", supply chain damage has harmed demand forecasting, and the growing income bifurcation has left lower-to-middle income consumers increasingly squeezed from inflationary pressures. Ciccarelli adds that in the case of Dollar Tree, its management was already baking-in significant freight/supply chain cost increases to its FY22 outlook, though he warns that costs could exceed even this higher planned spend.