By Josh Beckerman
Shares of Dollar Tree were higher after analysts reacted to the sale of Family Dollar and fourth-quarter results.
The stock rose 10% Thursday to $76.22 and is up about 1% this year.
The company said Wednesday that it agreed to sell Family Dollar to Brigade Capital Management and Macellum Capital Management for $1.01 billion. Quarterly same-store net sales from continuing operations increased 2%.
Truist Securities, which raised its price target to $84 from $76, said Dollar Tree's full-year same-store sales growth guidance of 3% to 5% "would be higher than the majority of our universe." Truist mentioned the favorable effects from the company's multi-price effort.
Truist expects the Family Dollar sale will help the company to focus on the Dollar Tree brand, reduce capital expenses and "enable an acceleration of shareholder returns/buybacks."
Evercore ISI Group and Telsey Advisory Group raised their price targets, while JP Morgan lowered its target.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 27, 2025 14:43 ET (18:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。