Dollar Tree (NASDAQ:DLTR) had its price target increased by Buckingham Research from $93.00 to $111.00 in a note issued to investors on Monday, November 20th. The brokerage currently has a “buy” rating on the stock. Buckingham Research’s price target indicates a potential upside of 5.19% from the stock’s previous close.
DLTR has been the topic of a number of other research reports. Cleveland Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Wednesday, October 11th. Raymond James Financial dropped coverage on Dollar Tree in a research report on Saturday, August 26th. Royal Bank Of Canada set a $92.00 target price on Dollar Tree and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group started coverage on Dollar Tree in a research report on Tuesday, November 14th. They set a “buy” rating and a $106.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Dollar Tree has an average rating of “Buy” and an average target price of $99.92.
Shares of Dollar Tree (DLTR) traded down $0.37 during midday trading on Monday, reaching $105.52. The company’s stock had a trading volume of 2,080,937 shares, compared to its average volume of 2,748,532. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $107.11. The firm has a market cap of $25,219.96, a PE ratio of 24.34, a PEG ratio of 1.67 and a beta of 0.64.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.32 billion during 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 expect that Dollar Tree will post 4.84 earnings per share for the current fiscal year.
In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 63,000 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.04, for a total transaction of $5,735,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin S. Wampler sold 12,559 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $103.89, for a total value of $1,304,754.51. Following the transaction, the chief financial officer now directly owns 77,164 shares of the company’s stock, valued at $8,016,567.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 382,141 shares of company stock valued at $36,142,631. 2.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlueMountain Capital Management LLC boosted its holdings 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 period. Sun Life Financial INC boosted its holdings 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 period. YorkBridge Wealth Partners LLC boosted its holdings 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 period. Advisory Services Network LLC boosted its holdings 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 period. Finally, Integrated Investment Consultants LLC bought a new position in shares of Dollar Tree in the third quarter worth $150,000. 89.81% of the stock is owned by institutional investors and hedge funds.
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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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