The firm raised its full year 2014 earnings per share forecast on the discount variety store company to $3.11 per share, from $3.04 per share. For fiscal 2015, BMO Capital is expecting Dollar Tree to earn $3.56 per share, up from $3.46 per share.
BMO Capital raised its price target on Dollar Tree stock to $66 from $59.
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The firm said it raised its numbers on Dollar Tree as it now believes "gross margin pressure from higher freight costs could diminish on falling oil prices."
Shares of Dollar Tree are higher by 1.34% to $66.75 at the start of trading this morning.
Separately, TheStreet Ratings team rates DOLLAR TREE INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DOLLAR TREE INC (DLTR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."