Dollar Tree's Strategic Review Of Family Dollar Overdue, Analysts Cut Price Forecast
Dollar Tree's Strategic Review Of Family Dollar Overdue, Analysts Cut Price Forecast
Dollar Tree, Inc. (NASDAQ:DLTR) shares are trading marginally lower on Thursday.
美元樹公司（納斯達克：DLTR）股價週四略有下跌。
Yesterday, the retail behemoth reported its first-quarter same-store sales growth of 1.7% for the Dollar Tree segment, 0.1% for Family Dollar, and 1% for Enterprise.
昨天，零售業巨頭報告了其Dollar Tree板塊同店銷售增長1.7%，Family Dollar增長0.1%，企業增長1%。
Here's a glimpse into analysts' reactions to the company's quarterly performance:
以下是分析師對該公司季度業績的反應：
- Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating, lowering the price forecast to $155 from $160.
- JPMorgan analyst Matthew R. Boss maintained an Overweight rating, reducing the price forecast of $135 from $152.
- BofA Securities analyst Robert F. Ohmes reiterated the Underperform rating, lowering the price forecast to $117 from $120.
- Telsey投資集團分析師Joseph Feldman重申了增持評級，將價格預測從160美元降至155美元。
- 摩根大通分析師Matthew R. Boss維持超配評級，將價格預測從152美元降至135美元。
- BofA證券分析師Robert F. Ohmes重申了賣出評級，將價格預測從120美元降至117美元。
Telsey Advisory Group: According to the analyst, Dollar Tree is doing what is necessary to transform the business to drive future growth and value.
Telsey投資集團：根據該分析師的觀點，美元樹公司正在做必要的事情，以轉型業務以推動未來增長和價值。
Feldman highlights that the company is faced with difficult decisions, especially related to strategic alternatives for Family Dollar.
Feldman強調，公司面臨着困難的決策，特別是與Family Dollar戰略選擇相關的決策。
According to the analyst, the review of strategic alternatives for Family Dollar is overdue and the best course of action, given the company has tried reviving the segment multiple times and has failed to show much progress, despite store closures, remodels, and changes in merchandising and leadership.
該分析師認爲，考慮到公司曾嘗試多次振興該板塊並未取得多少進展，儘管關閉了商店，進行了翻新和變更營銷策略和領導層，Family Dollar的戰略選擇審查已經拖延，而採取最佳行動對於公司來說是必要的。
Feldman writes, Family Dollar could obtain a valuation of $3.0 billion- $7.5 billion, with upside if the business improves.
Feldman寫道，如果業務改善，Family Dollar可能獲得30億至75億美元的估值，如果考慮向下風險。
A spin-off could be easier to execute, but a sale would be better to generate cash to invest and repurchase shares, the analyst adds.
該分析師補充說，剝離可以更容易地執行，但出售更好以產生現金以投資和回購股票。
For the second quarter, the analyst lowered the EPS estimate to $1.08 from $1.27.
對於第二季度，該分析師將EPS預測從1.27美元降至1.08美元。
JPMorgan: Over the long term, the analyst sees Dollar Tree returning to a double-digit EPS "compounder" with top- and bottom-line drivers in place at the core DT banner (with incremental DT Plus roll-out) and stabilization at the Family Dollar concept.
摩根大通：分析師認爲，從長期來看，美元樹公司將回歸雙位數EPS“複合增長者”，在覈心DT橫幅（具有增量DT Plus推出）處具備上下行驅動因素和Family Dollar概念的穩定性。
Looking ahead, Dollar Tree plans to open 99 Cents Only Stores as rebranded DT banner stores as early as fall 2024. The analyst sees the opportunity for the opening cadence to be pushed higher as a result, with every 100 stores equating to an incremental ~10 cents in EPS.
展望未來，美元樹計劃在2024年秋季早期開設99美分，重新品牌化爲DT橫幅店。該分析師認爲，由於這個原因，開放節奏的機會將被推高，每100家店相當於增加約10美分的EPS。
BofA Securities: Ohmes sees easing comparisons and the ramping up of multi-price DT stores to drive sequential comp improvement in the second half.
BofA證券：Ohmes認爲，相對容易的比較和DT多價位店的加速推出將在下半年推動順序比較提升。該分析師還預計，臨時勞動力需求來支持DT的多價位推出，以及與美元樹的Marietta DC相關的0.20-0.30美元的運輸和其他成本（第二季度預計0.10美元）將帶來SG&A壓力。
The analyst also expects SG&A pressure from temporary labor needed to support DT's multi-price rollout as well as $0.20-0.30 of incremental transportation and other costs related to Dollar Tree's Marietta DC ($0.10 expected in the second quarter).
股價表現：DLTR股價週四最後的交易價格爲112.62美元，下跌了1.54%。
Price Action: DLTR shares are trading lower by 1.54% to $112.62 at last check Thursday.
股價走向: 美元樹公司股價在週四最後一次檢查時下跌1.54%，報112.62美元。
Image by Jonathan Weiss via Shutterstock
圖片由Jonathan Weiss通過Shutterstock提供。
譯文內容由第三人軟體翻譯。