Dollar Tree, Inc. (NASDAQ:DLTR)‘s stock had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein in a report released on Wednesday. They presently have a $87.00 price objective on the stock, up from their prior price objective of $78.00. Sanford C. Bernstein’s target price suggests a potential downside of 12.53% from the company’s previous close.
DLTR has been the subject of several other research reports. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 target price on shares of Dollar Tree in a research note on Tuesday, October 31st. J P Morgan Chase & Co restated a “buy” rating and issued a $118.00 price target on shares of Dollar Tree in a report on Friday, November 3rd. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Wednesday, November 8th. Raymond James Financial, Inc. upgraded Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price target for the company in a report on Friday, August 25th. Finally, Loop Capital cut Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a report on Friday, October 13th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $97.83.
Dollar Tree (NASDAQ DLTR) opened at $99.46 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95. The stock has a market cap of $23,560.00, a P/E ratio of 23.29, a PEG ratio of 1.58 and a beta of 0.59. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $100.54.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period last year, the firm posted $0.72 EPS. Dollar Tree’s quarterly revenue was up 6.3% on a year-over-year basis. research analysts predict that Dollar Tree will post 4.66 EPS for the current year.
In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David A. Jacobs sold 9,192 shares of Dollar Tree stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $99.80, for a total value of $917,361.60. Following the transaction, the insider now owns 13,199 shares in the company, valued at $1,317,260.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 260,641 shares of company stock valued at $23,726,199. 2.90% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Prudential Financial Inc. increased its position in 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 buying an additional 27,672 shares during the last quarter. Rockshelter Capital Management LLC acquired a new position in Dollar Tree during the second quarter worth approximately $5,850,000. Shell Asset Management Co. increased its position in 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 buying an additional 56,906 shares during the last quarter. South Dakota Investment Council acquired a new position in Dollar Tree during the second quarter worth approximately $804,000. Finally, Korea Investment CORP increased its position in 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 buying an additional 35,600 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.
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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