Dollar Tree (NASDAQ:DLTR) has been given a $124.00 price target by analysts at Raymond James Financial in a research note issued on Thursday, December 7th. The firm currently has a “buy” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 14.09% from the stock’s previous close.
DLTR has been the topic of a number of other research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $90.00 price target on shares of Dollar Tree in a research report on Thursday, November 2nd. MKM Partners upped their price target on Dollar Tree from $96.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Royal Bank of Canada set a $92.00 price target on Dollar Tree and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research cut Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, KeyCorp reiterated a “buy” rating and set a $98.00 price objective on shares of Dollar Tree in a research note on Friday, November 10th. Twelve research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $101.13.
Dollar Tree (NASDAQ:DLTR) traded up $1.38 during mid-day trading on Thursday, reaching $108.69. The company’s stock had a trading volume of 1,384,877 shares, compared to its average volume of 1,391,400. 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 twelve month low of $65.63 and a twelve month high of $110.86. The stock has a market capitalization of $25,770.00, a PE ratio of 25.88, a P/E/G ratio of 1.68 and a beta of 0.64.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts forecast that Dollar Tree will post 4.85 earnings per share for the current year.
In related news, CFO Kevin S. Wampler sold 12,559 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $103.89, for a total transaction of $1,304,754.51. Following the completion of the sale, the chief financial officer now directly owns 77,164 shares in the company, valued at approximately $8,016,567.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Jacobs sold 5,596 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $88.25, for a total value of $493,847.00. The disclosure for this sale can be found here. Insiders have sold a total of 381,836 shares of company stock valued at $36,410,667 over the last 90 days. 2.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Dollar Tree by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the period. FMR LLC lifted its holdings in Dollar Tree by 49.4% in the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the period. BlackRock Inc. lifted its holdings in Dollar Tree by 10.3% in the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the period. Macquarie Group Ltd. lifted its holdings in Dollar Tree by 184,411.9% in the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after buying an additional 8,298,537 shares during the period. Finally, Maverick Capital Ltd. lifted its holdings in Dollar Tree by 86.7% in the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the period. Institutional investors and hedge funds own 89.73% of the company’s stock.
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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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