Dollar Tree, Inc. (DLTR) Now Covered by The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. initiated coverage on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a report released on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $106.00 price target on the stock.

A number of other brokerages also recently commented on DLTR. KeyCorp reissued a buy rating and issued a $98.00 price objective on shares of Dollar Tree in a research report on Friday, November 10th. Zacks Investment Research raised shares of Dollar Tree from a hold rating to a buy rating and set a $105.00 price objective for the company in a research report on Wednesday, November 8th. J P Morgan Chase & Co reissued a buy rating and issued a $118.00 price objective on shares of Dollar Tree in a research report on Friday, November 3rd. Wells Fargo & Company began coverage on shares of Dollar Tree in a research report on Friday, November 3rd. They issued an outperform rating and a $106.00 price objective for the company. Finally, Royal Bank Of Canada set a $92.00 price objective on shares of Dollar Tree and gave the company a buy rating in a research report on Monday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $93.00.

Shares of Dollar Tree (NASDAQ DLTR) traded down $0.02 on Tuesday, hitting $94.61. 1,930,564 shares of the stock were exchanged, compared to its average volume of 2,718,582. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $95.64. The company has a market cap of $22,410.00, a P/E ratio of 22.41, a PEG ratio of 1.52 and a beta of 0.59. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter last year, the firm posted $0.72 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. analysts expect that Dollar Tree will post 4.67 earnings per share for the current year.

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In other news, insider Gary M. Philbin sold 2,795 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the transaction, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary M. Philbin sold 9,950 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total transaction of $841,173.00. Following the completion of the transaction, the insider now owns 34,532 shares of the company’s stock, valued at $2,919,335.28. The disclosure for this sale can be found here. Insiders sold a total of 251,449 shares of company stock valued at $22,808,837 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Several large investors have recently modified their holdings of DLTR. BlueMountain Capital Management LLC raised its position in shares of Dollar Tree by 119.0% in the 2nd 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 in the last quarter. Sun Life Financial INC increased its position in Dollar Tree by 17,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after purchasing an additional 1,710 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in Dollar Tree by 2.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after purchasing an additional 36 shares in the last quarter. Advisory Services Network LLC increased its position in Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after purchasing an additional 12 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in Dollar Tree during the 3rd quarter worth approximately $150,000. 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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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