Oppenheimer initiated coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note issued to investors on Tuesday. The firm issued an outperform rating and a $130.00 target price on the stock. Oppenheimer also issued estimates for Dollar Tree’s Q4 2018 earnings at $1.86 EPS, FY2018 earnings at $4.84 EPS, FY2019 earnings at $5.31 EPS and FY2020 earnings at $5.91 EPS.
Several other equities analysts also recently weighed in on DLTR. Wells Fargo & Co restated an outperform rating and set a $132.00 target price (up from $122.00) on shares of Dollar Tree in a report on Tuesday. Zacks Investment Research downgraded shares of Dollar Tree from a buy rating to a hold rating in a report on Wednesday, January 10th. Piper Jaffray Companies restated a hold rating and set a $85.00 target price on shares of Dollar Tree in a report on Friday, September 29th. MKM Partners raised their target price on shares of Dollar Tree from $96.00 to $105.00 and gave the company a neutral rating in a report on Wednesday, November 22nd. Finally, Guggenheim began coverage on shares of Dollar Tree in a report on Wednesday, January 10th. They set a buy rating and a $125.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Dollar Tree currently has a consensus rating of Buy and an average target price of $105.04.
Dollar Tree (NASDAQ DLTR) opened at $114.73 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. Dollar Tree has a twelve month low of $65.63 and a twelve month high of $115.89. The firm has a market cap of $26,768.20, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.85 and a beta of 0.63.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same period last year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. equities research analysts anticipate that Dollar Tree will post 4.87 earnings per share for the current fiscal year.
In related news, Director Thomas A. Saunders sold 12,440 shares of the firm’s stock in a transaction that occurred 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 $251,632,821.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bob Sasser sold 64,002 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total transaction of $6,383,559.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 293,132 shares of company stock valued at $28,348,680. Insiders own 4.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC boosted 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 worth $106,000 after acquiring an additional 825 shares during the last quarter. Sun Life Financial INC boosted its position in shares of Dollar Tree by 17,100.0% in 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 during the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Dollar Tree in the third quarter worth approximately $150,000. YorkBridge Wealth Partners LLC boosted its position in shares of Dollar Tree by 2.0% in 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 during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Dollar Tree by 0.6% in 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 during the last quarter. 89.74% of the stock is currently owned by institutional investors and hedge funds.
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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