Why Dollar Tree Stock Was Racing Higher on Thursday
Dollar Tree (NASDAQ: DLTR) stock was adding a few dollars to its stock price as the Thursday trading session approached closing time. Although investors weren't impressed by the quarterly earnings report the company posted the previous morning, sentiment improved thanks to price target raises -- and even one recommendation upgrade -- by analysts Thursday.Dollar Tree's share price was more than 8% higher in mid-afternoon action, contrasting very favorably with the 0.2% dip of the S&P 500 index.Dollar Tree published its fiscal first-quarter figures Wednesday morning. However, investors were more concerned about management's lower-than-expected sales guidance for the year than the double-digit gain it posted in revenue, and its notable improvement in same-store sales. Continue reading
Dollar Tree (NASDAQ: DLTR) stock was adding a few dollars to its stock price as the Thursday trading session approached closing time. Although investors weren't impressed by the quarterly earnings report the company posted the previous morning, sentiment improved thanks to price target raises -- and even one recommendation upgrade -- by analysts Thursday.
Dollar Tree's share price was more than 8% higher in mid-afternoon action, contrasting very favorably with the 0.2% dip of the S&P 500 index.
Dollar Tree published its fiscal first-quarter figures Wednesday morning. However, investors were more concerned about management's lower-than-expected sales guidance for the year than the double-digit gain it posted in revenue, and its notable improvement in same-store sales.
