Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been given a consensus recommendation of “Hold” by the twenty-seven brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $88.67.
A number of analysts have recently issued reports on DLTR shares. Loop Capital upgraded Dollar Tree from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $86.00 in a research report on Wednesday, June 28th. Deutsche Bank AG upped their price target on Dollar Tree from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. BTIG Research reiterated a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research report on Monday, May 22nd. Gordon Haskett started coverage on Dollar Tree in a research report on Tuesday, May 9th. They issued a “buy” rating and a $98.00 price target on the stock. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th.
Dollar Tree (NASDAQ:DLTR) traded up 1.78% during trading on Wednesday, reaching $81.06. 3,236,064 shares of the company’s stock were exchanged. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $91.41. The stock’s 50-day moving average price is $74.10 and its 200-day moving average price is $75.75. The company has a market capitalization of $19.20 billion, a price-to-earnings ratio of 20.74 and a beta of 0.67.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. Dollar Tree’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. Equities analysts expect that Dollar Tree will post $4.66 earnings per share for the current year.
In other news, Director Conrad M. Hall purchased 5,000 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were acquired at an average price of $66.16 per share, with a total value of $330,800.00. Following the completion of the purchase, the director now directly owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lemuel E. Lewis purchased 3,475 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were purchased at an average cost of $71.45 per share, for a total transaction of $248,288.75. Following the purchase, the director now directly owns 12,744 shares of the company’s stock, valued at $910,558.80. The disclosure for this purchase can be found here. Insiders have bought 10,375 shares of company stock worth $705,819 in the last ninety days. 4.10% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the stock. BlueMountain Capital Management LLC raised its position in shares of Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after buying an additional 825 shares during the period. Independent Portfolio Consultants Inc. raised its position in Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock valued at $125,000 after buying an additional 48 shares during the last quarter. FNY Managed Accounts LLC bought a new position in Dollar Tree during the first quarter valued at $124,000. Finally, Sun Life Financial INC raised its position in Dollar Tree by 17,100.0% in the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after buying an additional 1,710 shares during the last quarter. 90.82% 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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