Is Dollar Tree Stock a Buy, Hold or Sell After Earnings?
Dollar Tree stock is higher Wednesday after the retailer beat Q3 earnings expectations and updated its full-year outlook. Here's what Wall Street has to say.


Dollar Tree (DLTR) stock jumped out of the gate Wednesday after the dollar store chain beat top- and bottom-line expectations for its fiscal third quarter and raised the low end of its revenue forecast for its full fiscal year.
In the 13 weeks ended November 2, Dollar Tree's revenue increased 3.5% to $7.6 billion, boosted by 1.8% same-store sales growth. Its earnings per share (EPS) were up 15.5% from the year-ago period to $1.12.
"Our Dollar Tree and Family Dollar merchandising efforts produced tangible results, and our third-quarter sales came in at the high-end of our expected range," said interim CEO Mike Creedon in a statement. "As an organization, our top priorities remain accelerating the growth of the Dollar Tree segment, completing the Family Dollar strategic review process, and unlocking value for Dollar Tree shareholders."

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The results topped analysts' expectations. Wall Street was anticipating revenue of $7.4 billion and earnings of $1.08 per share, according to Yahoo Finance.
Dollar Tree also updated its guidance for the full year, including raising the low end of its revenue forecast and narrowing its EPS forecast.
The company now expects to achieve revenue in the range of $30.7 billion to $30.9 billion and earnings per share of $5.31 to $5.51. DLTR had previously called for revenue in the range of $30.6 billion to $30.9 billion and earnings per share between $5.20 to $5.60. It added that it continues to anticipate comparable-store sales growth in the low-single-digits.
In addition, Dollar Tree announced that its chief financial officer, Jeff Davis, is stepping down and an external search for his replacement is underway.
Is Dollar Tree stock a buy, sell or hold?
Dollar Tree has struggled on the price charts in 2024, and is down 43% for the year to date. Unsurprisingly, Wall Street is on the sidelines when it comes to the consumer staples stock.
According to S&P Global Market Intelligence, the average analyst target price for DLTR stock is $82.47, representing implied upside of more than 11% to current levels. Meanwhile, the consensus recommendation is a Hold.
But some analysts have kept the faith on the large-cap stock. Financial services firm UBS Global Research, for instance, has a Buy rating and $105 price target on Dollar Tree.
"Overall, we think the stock simply prices in too much risk at current levels, with some key catalysts being overlooked," said UBS analyst Michael Lasser in a November 22 note.
Lasser says he sees "several catalysts that should drive the stock higher in the near to medium term," including DLTR being a beneficiary to moderating inflation or deflation in some categories and an improvement in profitability from its portfolio review of its Family Dollar brand.
Related Content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
Can a New Manager Cure Vanguard Health Care Fund?
Vanguard Health Care Fund has assets of $40.5 billion but has been ailing in recent years. With a new manager in charge, what's the prognosis?
By Nellie S. Huang Published
-
Retirement Savings On Track? How Much Should You Have Between 61 and 65
JPMorgan’s guide can help baby boomers determine whether they have saved enough for a retirement pegged to their income level.
By Donna Fuscaldo Published
-
Can a New Manager Cure Vanguard Health Care Fund?
Vanguard Health Care Fund has assets of $40.5 billion but has been ailing in recent years. With a new manager in charge, what's the prognosis?
By Nellie S. Huang Published
-
What You Don't Know About Annuities Can Hurt You
Lack of awareness leads many to overlook these potent financial tools, and with the possibility of running out of money in retirement, that could really hurt.
By Ken Nuss Published
-
Three Keys to Logical Investing When Markets Are Volatile
Focusing on these market fundamentals can help investors stay grounded rather than being swayed by emotion or market hysteria.
By Dennis D. Coughlin, CFP, AIF Published
-
Yes, the Markets Are Spooked, But You Don't Have to Be
It's human nature for investors to freak out in a downturn. But with a little discipline, you can overcome the urge to sell and stay focused on long-term goals.
By Jimmy Lee, IAR Published
-
Remembering Bogle: A New Standard for Municipal Investing
Improvements in technology, data, systematic trading and risk analytics have led to more successful municipal indexing.
By Paul Malloy Published
-
Stock Market Today: Stocks Are Mixed Before Liberation Day
Markets are getting into the freewheeling rhythm of a second Trump administration.
By David Dittman Published
-
How to Invest in Sports
If it's springtime, Forbes is out with its annual list of baseball franchise values. The billions involved might make you wonder how to invest in sports.
By David Dittman Published
-
Winning Strategies for Financial Advisers as Clients' Lives Evolve
How can the wealth management industry help make life transitions easier for the adviser and the client?
By David Conti, CPRC Published