Dollar Tree (DLTR) Rating Lowered to Buy at BidaskClub

Dollar Tree (NASDAQ:DLTR) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

Other analysts also recently issued reports about the company. Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. BTIG Research reaffirmed a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a research note on Wednesday, August 23rd. Moffett Nathanson began coverage on Dollar Tree in a research note on Monday, December 4th. They issued a “buy” rating for the company. Buckingham Research raised their target price on Dollar Tree from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, MKM Partners set a $96.00 target price on Dollar Tree and gave the stock a “hold” rating in a research note on Monday, November 20th. Eleven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $101.13.

Dollar Tree (NASDAQ DLTR) opened at $105.59 on Thursday. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $109.00. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $25,385.92, a price-to-earnings ratio of 24.50, a P/E/G ratio of 1.68 and a beta of 0.64.

Dollar Tree (NASDAQ:DLTR) last posted 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. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the company earned $0.72 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. equities analysts predict that Dollar Tree will post 4.85 earnings per share for the current year.

In other news, CFO Kevin S. Wampler sold 12,559 shares of Dollar Tree stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $103.89, for a total value of $1,304,754.51. Following the completion of the transaction, the chief financial officer now owns 77,164 shares in the company, valued at approximately $8,016,567.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Bob Sasser sold 64,002 shares of Dollar Tree stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total value of $6,383,559.48. The disclosure for this sale can be found here. Insiders sold a total of 381,836 shares of company stock valued at $36,410,667 in the last quarter. Company insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Shelton Capital Management raised its position in shares of Dollar Tree by 3.7% during the 3rd quarter. Shelton Capital Management now owns 19,391 shares of the company’s stock worth $1,684,000 after acquiring an additional 685 shares in the last quarter. Greenlight Capital Inc. acquired a new stake in shares of Dollar Tree during the 3rd quarter worth about $7,631,000. IFM Investors Pty Ltd acquired a new position in Dollar Tree during the third quarter worth approximately $585,000. Alkeon Capital Management LLC increased its position in Dollar Tree by 8.2% during the third quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock worth $223,210,000 after buying an additional 195,000 shares during the period. Finally, California Public Employees Retirement System increased its position in Dollar Tree by 1.0% during the third quarter. California Public Employees Retirement System now owns 538,155 shares of the company’s stock worth $46,723,000 after buying an additional 5,375 shares during the period. 89.80% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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