Several other brokerages have also recently commented on DLTR. Bank of America raised their target price on Dollar Tree from $120.00 to $130.00 and gave the stock a buy rating in a research report on Tuesday, January 30th. Wells Fargo reaffirmed an outperform rating and issued a $138.00 target price (up from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Zacks Investment Research raised Dollar Tree from a hold rating to a strong-buy rating and set a $128.00 target price for the company in a research report on Tuesday, January 16th. Guggenheim reaffirmed a buy rating on shares of Dollar Tree in a research report on Wednesday, January 31st. Finally, Oppenheimer started coverage on Dollar Tree in a research note on Tuesday, January 16th. They set an outperform rating and a $130.00 price objective for the company. Twelve analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Dollar Tree has a consensus rating of Buy and an average target price of $106.08.
Dollar Tree stock traded up $0.06 on Tuesday, hitting $94.63. The stock had a trading volume of 1,497,922 shares, compared to its average volume of 3,025,187. The company has a market capitalization of $22,724.92, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.17 and a beta of 0.80. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $116.65. The company has a quick ratio of 0.49, a current ratio of 1.60 and a debt-to-equity ratio of 0.66.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.39 billion. Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $1.36 earnings per share. equities research analysts anticipate that Dollar Tree will post 5.65 EPS for the current fiscal year.
In other Dollar Tree news, Director Conrad M. Hall bought 10,000 shares of the stock in a transaction dated Friday, March 9th. The stock was bought at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the completion of the purchase, the director now owns 799 shares in the company, valued at approximately $73,372.17. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.90% of the company’s stock.
Several large investors have recently made changes to their positions in the company. DnB Asset Management AS increased its stake in shares of Dollar Tree by 2.1% in the fourth quarter. DnB Asset Management AS now owns 24,355 shares of the company’s stock valued at $2,614,000 after buying an additional 500 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Dollar Tree by 38.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after purchasing an additional 528 shares during the period. Global X MANAGEMENT CO LLC increased its position in Dollar Tree by 22.7% in the third quarter. Global X MANAGEMENT CO LLC now owns 3,023 shares of the company’s stock worth $262,000 after purchasing an additional 559 shares during the period. Amalgamated Bank increased its position in Dollar Tree by 2.1% in the third quarter. Amalgamated Bank now owns 27,793 shares of the company’s stock worth $2,413,000 after purchasing an additional 559 shares during the period. Finally, Advisor Partners LLC increased its position in Dollar Tree by 17.6% in the fourth quarter. Advisor Partners LLC now owns 3,800 shares of the company’s stock worth $436,000 after purchasing an additional 568 shares during the period. Institutional investors own 90.94% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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