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Dollar Tree
(Spencer Platt/Getty Images)

Dollar Tree shares soar as Wall Street celebrates Family Dollar deal

UBS says the budget retailer can (finally) focus on its core business.

Nia Warfield


Shares of Dollar Tree jumped nearly 10% after the company’s Family Dollar sale sparked optimism on Wall Street.

In a note Thursday, UBS analyst Michael Lasser reiterated the firm’s “buy” rating on the stock and $95 price target, implying nearly 27% upside potential. To justify the call, Lasser pointed to Dollar Tree’s announcement Tuesday that it had reached a deal to sell its struggling Family Dollar business for $1 billion. He believes the deal will give the company “fuel for room for investing in its core business,” including new store growth.

“Importantly, we think the stock should be rewarded with a higher multiple over time given the sale of FDO. We think the stock is set up well to outperform,” Lasser said in the note.

UBS also called out Dollar Tree’s $804 million in proceeds from the Family Dollar sale, along with a $350 million tax shield, which should give the company more financial flexibility to improve cash flow and buy back shares. Dollar Tree shares are down 43% over the past year.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

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  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

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