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Dollar Tree, Inc. (NASDAQ:DLTR) - Stock Watch

Dollar Tree, Inc. (NASDAQ:DLTR) - Stock Watch
Written by
Joel Najarian
Published on
October 10, 2014
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[The Street] Jim Cramer says dollar stores are doing incredibly well right now due to a major secular change. With Family Dollar's earnings report coming up next week, Cramer says it's a great investment because it's going to be taken over by some company -- whether it's Dollar General or Dollar Tree. He says when a company's fundamentals are good and there's takeover talk, that is the best situation for an investor -- and whether Family Dollar reports a good or bad number, people will buy it.Family Dollar spurned Dollar General's sweetened $9.1 billion all-cash bid earlier this month, saying the offer still did not address antitrust concerns. Family Dollar instead said it was sticking with a lower $8.5 billion cash-and-stock offer from Dollar Tree Inc.Stock PerformanceTaking a look at the company’s recent performance, Family Dollar reported second quarter earnings for fiscal 2014 on August 05th 2014. The company reported actual earnings per share of $0.61 against the consensus Street estimate of $0.64. Family Dollar posted revenue of $2.03 billion against estimates of $2.01 billion.Family Dollar is currently valued at $11.52 billion and closed the last trading session at $56.01. The stock has a 50-day moving average of $55.26 and a 200-day moving average of $53.75.

Is this a Buying Opportunity?There are currently fifteen analysts that we track that cover the stock. Of those fifteen, eight have Buy rating and seven have a hold rating. On a consensus basis this yields a score of 2.53 and a Hold. The combined price objective of these covering analysts is $61.81, which represents a 10.80% upside difference to the last closing price.The most recent analyst activity consisted of Zacks reiterating their neutral stance on the company. Zacks has a price target of $56.08 close to last closing price. On the date of the report, the stock closed at $55.68.Another research firm weighing in recently was Bank of America who also Initiated Coverage on the stock. On August 18th 2014 Bank of America upgrade their price target on the stock $71, a 26.76% upside to the current price. On the day of the report, DLTR shares closed at $54.26.Company Profile Dollar Tree, Inc. (NASDAQ:DLTR) operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which includes candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food. Its stores also offer various merchandise that include toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonal goods consisting of Valentine's Day, Easter, Halloween, and Christmas merchandise.

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