Dollar Tree Gets a Buy Rating from RBC Capital

By Jason Carr

RBC Capital analyst Scot Ciccarelli reiterated a Buy rating on Dollar Tree (NASDAQ: DLTR) yesterday and set a price target of $97. The company’s shares opened today at $79.15.

According to, Ciccarelli is a 5-star analyst with an average return of 8.8% and a 64.3% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.

Currently, the analyst consensus on Dollar Tree is Moderate Buy and the average price target is $87.20, representing a 10.2% upside.

In a report issued on May 19, BTIG also maintained a Buy rating on the stock with a $98 price target.

Based on Dollar Tree’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $5.29 billion and quarterly net profit of $201 million. In comparison, last year the company earned revenue of $5.09 billion and had a net profit of $233 million.

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Dollar Tree, Inc. owns and operates discount variety stores offering merchandise at the fixed prices. It operates stores under the names Dollar Tree, Deal, Dollar Tree Deal, Dollar Giant and Dollar Bills. The company offers selection of everyday basic products and its supplement these basic, everyday items with seasonal, closeout and promotional merchandise. The merchandise mix consists of three types: Consumable, Variety categories and Seasonal merchandise. The Consumable merchandise includes candy and food, health and beauty care, and household consumables such as paper, plastics and household chemicals and in select stores, frozen and refrigerated food. The Variety categories merchandise includes toys, durable house wares, gifts, party goods, greeting cards, soft lines and other items. The Seasonal goods include Easter, Halloween and Christmas merchandise. Dollar Tree was founded by J. Douglas Perry and Macon F. Brock, Jr. in 1986 and is headquartered in Chesapeake, VA.