Analysts are cautious. Of 26 brokerages covering the stock, 12 rate it at Hold and 12 at Buy or Strong Buy. At a share price of around $127.60, the upside potential based on a median price target of $173 is 35.6%. At the high price target of $200.00, the upside potential is 56.7%.
First-quarter 2023 revenue is forecast at $6.76 billion, down 4.4% sequentially and 4.3% year over year. Adjusted EPS are forecast at $1.98, down 1.3% sequentially and 23.8% higher year over year. For full fiscal 2023, analysts expect Dollar Tree to post EPS of $7.88, up 35.9%, on sales of $27.89 billion, up 6%.
Dollar Tree stock trades at 16.2 times expected 2023 EPS, 14.3 times estimated 2024 earnings of $8.90 and 12.6 times estimated 2025 earnings of $10.14 per share. The stock’s 52-week range is $84.26 to $177.19. The company does not pay a dividend, and the total shareholder return for the past year is 19%.
Shares of Macy’s Inc. (NYSE: M) have dropped about 3.7% over the past 12 months. That includes a drop of more than 53% since mid-November. When the company reported results for the January quarter in February, it beat estimates on both the top and bottom lines and said it would not separate its e-commerce business from the rest of the company despite demands from an activist investor. The retailer also presented an upbeat outlook for the year. Given inflationary headwinds, however, Macy’s and its investors may need to recalibrate.
Only four of 17 analysts rate Macy’s stock as a Buy or Strong Buy. Another eight rate the shares at Hold and five have Sell or Strong Sell ratings. At a share price of around $17.20, the upside potential based on a median price target of $28.50 is 65.7%. Based on a high price target of $50, the potential upside on the shares is almost 194%.
Biotech Dominates Goldman Sachs 5 Buy-Rated Stocks Under $10 With 400% to 800% Upside Potential
Analysts forecast fiscal first-quarter revenue of $5.33 billion, down 38.4% sequentially but about 13.2% higher year over year. Adjusted EPS are tabbed at $0.83, down 66.3% sequentially and up 112.8% year over year. For the 2023 fiscal year ending next January, analysts are currently looking for EPS of $4.34, down 18.3%, on sales of $24.52 billion, up just 0.2%.
Macy’s stock trades at 4.0 times expected 2023 EPS, 4.1 times estimated 2024 earnings of $4.26 and 4.4 times estimated 2025 earnings of $3.95 per share. The stock’s 52-week range is $15.68 to $37.95. The company pays an annual dividend of $0.30 (yield of 3.6%). Total shareholder return for the past year was negative 0.3%.
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