Dollar Tree, Inc. (DLTR) Earns Hold Rating from Barclays PLC

Barclays PLC reiterated their hold rating on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a research report released on Friday. The brokerage currently has a $100.00 price objective on the stock.

Several other equities analysts also recently issued reports on the stock. MKM Partners raised their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the company a neutral rating in a research note on Wednesday, November 22nd. Sanford C. Bernstein set a $87.00 price target on shares of Dollar Tree and gave the company a hold rating in a research note on Wednesday, November 22nd. KeyCorp reaffirmed an overweight rating and set a $115.00 price target (up previously from $98.00) on shares of Dollar Tree in a research note on Wednesday, November 22nd. Royal Bank Of Canada raised their price target on shares of Dollar Tree from $102.00 to $111.00 and gave the company a top pick rating in a research note on Wednesday, November 22nd. Finally, Telsey Advisory Group raised their price target on shares of Dollar Tree from $101.00 to $108.00 and gave the company an outperform rating in a research note on Wednesday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $99.92.

Dollar Tree (NASDAQ:DLTR) opened at $98.38 on Friday. The company has a market cap of $23,325.50, a P/E ratio of 22.51, a P/E/G ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.43. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $100.74.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data 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 business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. equities analysts expect that Dollar Tree will post 4.84 earnings per share for the current year.

In other Dollar Tree news, insider David A. Jacobs sold 5,596 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $88.25, for a total value of $493,847.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary M. Philbin sold 2,795 shares of the firm’s 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 sale, the insider now owns 34,532 shares of the company’s stock, valued at $2,917,954. The disclosure for this sale can be found here. Insiders have sold 260,641 shares of company stock valued at $23,726,199 in the last three months. 4.10% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of DLTR. Macquarie Group Ltd. grew its holdings in shares of Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after buying an additional 8,298,537 shares during the last quarter. FMR LLC grew its holdings in shares of Dollar Tree by 49.4% during the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after buying an additional 5,724,495 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of Dollar Tree by 86.7% during the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after buying an additional 3,777,579 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Dollar Tree by 10.3% during the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after buying an additional 1,479,936 shares during the last quarter. Finally, DSM Capital Partners LLC grew its holdings in shares of Dollar Tree by 1,443,950.0% during the third quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock valued at $105,314,000 after buying an additional 1,212,918 shares during the last quarter. Institutional investors and hedge funds own 94.81% 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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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