Several other analysts have also recently weighed in on DLTR. Deutsche Bank AG reaffirmed a buy rating and set a $95.00 price objective on shares of Dollar Tree in a research note on Tuesday, July 4th. Zacks Investment Research raised shares of Dollar Tree from a sell rating to a hold rating in a research note on Thursday, July 27th. BidaskClub raised shares of Dollar Tree from a sell rating to a hold rating in a research note on Monday, July 31st. Buckingham Research reissued a buy rating and set a $87.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Loop Capital reissued a buy rating and set a $86.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $93.00.
Shares of Dollar Tree (NASDAQ DLTR) traded down $0.24 on Monday, hitting $93.45. 2,054,600 shares of the stock were exchanged, compared to its average volume of 2,728,027. The firm has a market capitalization of $22,189.98, a price-to-earnings ratio of 22.47, a P/E/G ratio of 1.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $95.64.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. equities research analysts predict that Dollar Tree will post 4.66 earnings per share for the current year.
In other news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total value of $13,669,500.00. Following the sale, the chairman now directly owns 1,128,795 shares of the company’s stock, valued at approximately $102,867,088.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary M. Philbin sold 9,950 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total transaction of $841,173.00. Following the completion of the sale, the insider now directly owns 34,532 shares in the company, valued at $2,919,335.28. The disclosure for this sale can be found here. Insiders have sold a total of 251,449 shares of company stock worth $22,808,837 over the last three months. Insiders own 2.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. BlueMountain Capital Management LLC boosted its stake in shares of Dollar Tree by 119.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after purchasing an additional 825 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Dollar Tree during the 1st quarter valued at $124,000. Sun Life Financial INC lifted its position in shares of Dollar Tree by 17,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after acquiring an additional 1,710 shares during the period. Integrated Investment Consultants LLC acquired a new position in shares of Dollar Tree during the 3rd quarter valued at $150,000. Finally, Independent Portfolio Consultants Inc. lifted its position in shares of Dollar Tree by 18.1% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock valued at $130,000 after acquiring an additional 285 shares during the period. 90.68% of the stock is currently owned by institutional investors.
About Dollar Tree
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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