Read What Telsey Advisory Thinks About Leadership Overhaul At Dollar Tree

Telsey Advisory Group analyst Joseph Feldman was a little surprised to see several executives changes all at once at Dollar Tree Inc DLTR.
The analyst described the changes as a bold move that should help the company recruit new leaders to fill key roles without the need for secrecy and potential ill-will.
The discount variety store chain announced CFO Kevin Wample will step down after the appointment of a successor. The company's Chief Legal Officer, COO, CIO, and Chief Strategy officer are no longer with the company.
Feldman expects changes to the board, particularly the recent appointment of Chairman Rick Dreiling, backed by activist investor Mantle Ridge, and now a new leadership team, should help accelerate growth, improve execution, and enhance shareholder value.
The analyst expects the new recruits to provide DLTR with a fresh perspective.
The analyst believes Dollar Tree is capable of a multi-year runway of growth as it opens new stores and enhances merchandise value through its higher price base price point of $1.25.
Feldman maintained an Outperform rating and price target of $185.
Price Action: DLTR shares are trading higher by 0.89% at $154.93 on the last check Wednesday.
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