Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been given an average recommendation of “Buy” by the twenty-nine analysts that are presently covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $101.13.
DLTR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Monday, August 28th. MKM Partners set a $96.00 price objective on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Monday, November 20th. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a research report on Friday, October 13th. Moffett Nathanson initiated coverage on shares of Dollar Tree in a research report on Monday, December 4th. They set a “buy” rating for the company. Finally, Royal Bank of Canada reiterated a “top pick” rating and set a $111.00 price objective (up from $102.00) on shares of Dollar Tree in a research report on Wednesday, November 22nd.
Dollar Tree (NASDAQ DLTR) traded down $1.60 during mid-day trading on Friday, reaching $107.07. 2,444,520 shares of the company were exchanged, compared to its average volume of 2,745,680. The firm has a market cap of $25,770.00, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.70 and a beta of 0.64. Dollar Tree has a twelve month low of $65.63 and a twelve month high of $108.90. 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 (NASDAQ:DLTR) last released its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a net margin of 4.51% and a return on equity of 16.07%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. analysts predict that Dollar Tree will post 4.85 EPS for the current fiscal year.
In other news, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $108.15, for a total value of $1,345,386.00. Following the sale, the director now directly owns 2,326,702 shares of the company’s stock, valued at approximately $251,632,821.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the completion of the sale, the chairman now directly owns 1,128,795 shares in the company, valued at $102,867,088.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 394,581 shares of company stock worth $37,488,017. Insiders own 2.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. BlueMountain Capital Management LLC boosted its stake in Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after acquiring an additional 825 shares in the last quarter. Sun Life Financial INC boosted its stake in Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after acquiring an additional 1,710 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after acquiring an additional 36 shares in the last quarter. Advisory Services Network LLC boosted its stake in Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after acquiring an additional 12 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in Dollar Tree during the third quarter worth $150,000. 89.80% of the stock is currently owned by institutional investors and hedge funds.
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Dollar Tree Company Profile
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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