Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been assigned a consensus recommendation of “Buy” from the twenty-nine analysts that are covering the stock, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $101.79.
A number of brokerages have commented on DLTR. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Thursday. BidaskClub downgraded Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Raymond James Financial set a $124.00 target price on Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, December 7th. Moffett Nathanson started coverage on Dollar Tree in a research report on Monday, December 4th. They set a “buy” rating for the company. Finally, BMO Capital Markets set a $115.00 target price on Dollar Tree and gave the stock a “hold” rating in a research report on Saturday, November 25th.
Shares of Dollar Tree (NASDAQ DLTR) traded up $2.28 during mid-day trading on Tuesday, hitting $111.14. The company’s stock had a trading volume of 2,055,498 shares, compared to its average volume of 1,702,875. 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 $111.23. The company has a market cap of $26,350.00, a P/E ratio of 26.46, a P/E/G ratio of 1.69 and a beta of 0.63.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the company earned $0.72 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. equities analysts expect that Dollar Tree will post 4.85 EPS for the current year.
In other news, Chairman Bob Sasser sold 64,002 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total value of $6,383,559.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas A. Saunders sold 12,440 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $108.15, for a total value of $1,345,386.00. Following the completion of the sale, the director now owns 2,326,702 shares in the company, valued at $251,632,821.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 376,240 shares of company stock worth $35,916,820. Corporate insiders own 4.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. grew its position in shares of Dollar Tree by 184,411.9% in the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after purchasing an additional 8,298,537 shares during the last quarter. FMR LLC grew its position in shares of Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after purchasing an additional 5,724,495 shares during the last quarter. Maverick Capital Ltd. grew its position in shares of Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after purchasing an additional 3,777,579 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Dollar Tree by 10.3% in 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 period. Finally, DSM Capital Partners LLC boosted its stake in shares of Dollar Tree by 1,443,950.0% in 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 period. 89.73% of the stock is currently 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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