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Morgan Stanley Sticks to Their Hold Rating for Dollar Tree (DLTR)

Tipranks - Sat May 30, 5:48AM CDT

Morgan Stanley analyst Simeon Gutman maintained a Hold rating on Dollar Tree today and set a price target of $130.00.

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According to TipRanks, Gutman is a 4-star analyst with an average return of 2.3% and a 57.46% success rate. Gutman covers the Consumer Cyclical sector, focusing on stocks such as Dick’s Sporting Goods, AutoZone, and Best Buy Co.

In addition to Morgan Stanley, Dollar Tree also received a Hold from Oppenheimer’s Rupesh Parikh in a report issued yesterday. However, on the same day, Truist Financial assigned a Buy rating to Dollar Tree (NASDAQ: DLTR).

Based on Dollar Tree’s latest earnings release for the quarter ending May 2, the company reported a quarterly revenue of $4.98 billion and a net profit of $347.3 million. In comparison, last year the company earned a revenue of $4.64 billion and had a net profit of $343.4 million

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