Dollar Tree will sell 330 stores to private equity firm

30 May 2015 | Author: | No comments yet »

4 Stocks to Watch For – Dollar Tree (DLTR), Catamaran (CTRX), Waste Management (WM), Symantec (SYMC).

Zacks’ analyst wrote, “Dollar Tree is progressing well with its growth endeavors, including store expansion, omni-channel development and penetration into new markets.Las Vegas, NV – May 29, 2015 – (Techsonian) – Dollar Tree (NASDAQ:DLTR) divulged its elegant financial outcomes that gross profit increased 7.5% to $748.9 million from $696.6 in the prior year’s first quarter.NEW YORK — Dollar Tree said Friday that it has agreed to sell 330 of its stores to the private equity firm Sycamore Partners in order to get regulatory approval for its $8.5 billion purchase of Family Dollar. However, the company posted first-quarter fiscal 2015 results, wherein both the top and bottom lines missed the Zacks Consensus Estimate, as sales were hurt by unfavorable holiday shift and port labor disruptions at the West Coast.

The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. The primary contributors to the decrease were increased freight costs, an adjustment for the previously announced inventory accounting method change related to Canadian operations, and higher shrink. Of the 16 analysts who have issued estimates, the most bullish sees the stock reaching $98 within the next 12 months while the most conservative sees the stock at $59 within the year. Analysts at Goldman Sachs upgraded shares of Dollar General Corp. from a “buy” rating to a “conviction-buy” rating and raised their price target for the stock from $85.00 to $87.00 in a research note on Tuesday. The stock has a 52-week high price of $84.22 and its 52-week low was recorded at $52.26, while during last trade its minimum price was $75.66 and it gained the highest price of $76.74.

Net income attributable to the Company increased 37% to $86.7 million, or $0.42 per share (fully-diluted) in Q1 2015, compared to $63.4 million, or $0.31 per share (fully-diluted) in Q1 2014. In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $3.53.

Waste Management (NYSE:WM) recently released that the declaration of a quarterly cash dividend of $0.385 per share payable June 19, 2015 to stockholders of record on June 5, 2015. The Company offers a selection of merchandise, including consumable products such as food, paper and cleaning products, health and beauty products, pet supplies and tobacco products, and non-consumable products such as seasonal merchandise, home decor and domestics, and basic apparel. For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for Dollar Tree Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Dollar Tree and related companies with Analyst Ratings Network’s FREE daily email newsletter.

Here you can write a commentary on the recording "Dollar Tree will sell 330 stores to private equity firm".

* Required fields
Twitter-news
Our partners
Follow us
Contact us
Our contacts

About this site