Dollar Tree, Inc. (NASDAQ:DLTR)‘s stock had its “buy” rating restated by stock analysts at UBS AG in a report issued on Tuesday. They presently have a $106.00 price target on the stock, up from their prior price target of $100.00. UBS AG’s target price would indicate a potential upside of 13.87% from the stock’s current price.
Several other equities analysts have also recently weighed in on DLTR. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Buckingham Research reiterated a “buy” rating and set a $87.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Loop Capital reiterated a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a research report on Tuesday, August 22nd. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.00.
Dollar Tree (DLTR) traded down $0.36 during trading on Tuesday, reaching $93.09. 1,998,700 shares of the company’s stock traded hands, compared to its average volume of 2,724,725. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 1.83. The firm has a market capitalization of $22,410.00, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $95.64.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the previous year, the company posted $0.72 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. analysts predict that Dollar Tree will post 4.67 EPS for the current fiscal year.
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In related news, insider Gary M. Philbin sold 9,950 shares of Dollar Tree stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total value of $841,173.00. Following the transaction, the insider now owns 34,532 shares in the company, valued at approximately $2,919,335.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the transaction, the insider now owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders sold a total of 251,449 shares of company stock worth $22,808,837 in the last quarter. Insiders own 4.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in DLTR. Macquarie Group Ltd. raised 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 acquiring an additional 8,298,537 shares during the period. FMR LLC increased its holdings in shares of Dollar Tree by 49.4% during the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after purchasing an additional 5,724,495 shares during the period. Maverick Capital Ltd. increased its holdings in shares of Dollar Tree by 86.7% during the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after purchasing an additional 3,777,579 shares during the period. BlackRock Inc. increased its holdings in shares of Dollar Tree by 10.3% during the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after purchasing an additional 1,479,936 shares during the period. Finally, DSM Capital Partners LLC increased its holdings in shares of Dollar Tree by 1,443,950.0% during the 3rd quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock worth $105,314,000 after purchasing an additional 1,212,918 shares during the period. Hedge funds and other institutional investors own 90.68% 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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