Dollar Tree (NASDAQ:DLTR) had its price target boosted by research analysts at Telsey Advisory Group from $101.00 to $108.00 in a note issued to investors on Wednesday, November 22nd, Marketbeat reports. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 0.64% from the stock’s previous close.
Other equities analysts have also issued reports about the company. BTIG Research reaffirmed a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a report on Wednesday, August 23rd. Loop Capital reissued a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $65.00 to $78.00 in a report on Monday, August 28th. They noted that the move was a valuation call. Buckingham Research restated a “buy” rating and issued a $87.00 target price on shares of Dollar Tree in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Eleven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Dollar Tree currently has an average rating of “Buy” and an average target price of $99.92.
Dollar Tree (NASDAQ:DLTR) traded up $1.79 during trading hours on Wednesday, hitting $107.31. The company had a trading volume of 2,668,013 shares, compared to its average volume of 2,748,206. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. Dollar Tree has a fifty-two week low of $65.63 and a fifty-two week high of $108.07. The firm has a market capitalization of $25,106.15, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.66 and a beta of 0.64.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. Dollar Tree’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. equities research analysts expect that Dollar Tree will post 4.85 EPS for the current fiscal year.
In other news, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the transaction, the insider now owns 34,532 shares in the company, valued at $2,917,954. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the sale, the director now directly owns 2,332,294 shares of the company’s stock, valued at approximately $248,016,143.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 382,141 shares of company stock valued at $36,142,631. Corporate insiders own 4.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Prudential Financial Inc. boosted its position in shares of Dollar Tree by 8.4% during the second quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock worth $25,037,000 after purchasing an additional 27,672 shares in the last quarter. Rockshelter Capital Management LLC bought a new position in shares of Dollar Tree during the second quarter worth $5,850,000. Shell Asset Management Co. boosted its position in shares of Dollar Tree by 368.4% during the third quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock worth $4,057,000 after purchasing an additional 56,906 shares in the last quarter. South Dakota Investment Council bought a new position in shares of Dollar Tree during the second quarter worth $804,000. Finally, Korea Investment CORP boosted its position in shares of Dollar Tree by 170.4% during the third quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock worth $4,904,000 after purchasing an additional 35,600 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.
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About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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