Investors Buy Shares of Dollar Tree (DLTR) on Weakness

Traders bought shares of Dollar Tree, Inc. (NASDAQ:DLTR) on weakness during trading on Monday. $66.87 million flowed into the stock on the tick-up and $41.15 million flowed out of the stock on the tick-down, for a money net flow of $25.72 million into the stock. Of all stocks tracked, Dollar Tree had the 24th highest net in-flow for the day. Dollar Tree traded down ($0.61) for the day and closed at $107.96

A number of analysts have commented on DLTR shares. MKM Partners set a $96.00 target price on Dollar Tree and gave the stock a “hold” rating in a research report on Monday, November 20th. Moffett Nathanson assumed coverage on Dollar Tree in a research report on Monday, December 4th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Wednesday, November 8th. Royal Bank of Canada restated a “top pick” rating and issued a $111.00 price objective (up from $102.00) on shares of Dollar Tree in a research report on Wednesday, November 22nd. Finally, Goldman Sachs Group assumed coverage on Dollar Tree in a research report on Tuesday, November 14th. They issued a “buy” rating and a $106.00 price objective on the stock. Eleven 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 company’s stock. Dollar Tree presently has an average rating of “Buy” and a consensus target price of $106.31.

The company has a market cap of $25,600.00, a P/E ratio of 25.70, a P/E/G ratio of 1.40 and a beta of 0.71. 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 (NASDAQ:DLTR) last released its earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. equities research analysts predict that Dollar Tree, Inc. will post 4.89 earnings per share for the current fiscal year.

In other Dollar Tree news, insider Joshua R. Jewett sold 3,570 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $99.00, for a total transaction of $353,430.00. Following the completion of the sale, the insider now directly owns 6,976 shares in the company, valued at $690,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $108.15, for a total value of $1,345,386.00. Following the sale, the director now owns 2,326,702 shares of the company’s stock, valued at $251,632,821.30. The disclosure for this sale can be found here. Insiders sold 143,132 shares of company stock valued at $14,679,180 over the last quarter. Insiders own 2.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC increased its stake in Dollar Tree by 0.6% during 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. Public Employees Retirement System of Ohio increased its stake in Dollar Tree by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 102,557 shares of the company’s stock worth $7,171,000 after acquiring an additional 382 shares during the last quarter. DnB Asset Management AS increased its stake in Dollar Tree by 2.1% during the fourth quarter. DnB Asset Management AS now owns 24,355 shares of the company’s stock worth $2,614,000 after acquiring an additional 500 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Dollar Tree by 38.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after acquiring an additional 528 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC increased its stake in Dollar Tree by 22.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 3,023 shares of the company’s stock worth $262,000 after acquiring an additional 559 shares during the last quarter. Institutional investors own 91.50% 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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