Dollar Tree Shares Maintain Hold Rating from Goldman Sachs Analyst

Goldman Sachs analyst Kate McShane has reiterated a Hold rating on Dollar Tree (DLTR) shares, setting a price target of $131.00. This recommendation was made public on August 28 and is based on McShane's analysis of the company's financial performance.

According to TipRanks, McShane is a 3-star analyst with an average return of 2.1% and a 52.03% success rate. Her focus on the Consumer Cyclical sector includes coverage of companies such as Dick’s Sporting Goods, Tractor Supply, and Bath & Body Works.

In addition to Goldman Sachs' Hold rating, Morgan Stanley's Simeon Gutman also assigned a Hold rating on August 28. However, BMO Capital Markets issued a Sell rating for Dollar Tree on the same day.

The analyst's recommendation comes after Dollar Tree reported its latest quarterly earnings for the period ending August 1. The company earned revenue of $4.89 billion and net profit of $514.5 million during this time. This represents an increase from last year, when the company earned a revenue of $4.57 billion and net profit of $188.4 million.