Dollar Tree Inc. (DLTR) PT Set at $69.00 by Credit Suisse Group AG
Dollar Tree Inc. (NASDAQ:DLTR) has been given a $69.00 target price by investment analysts at Credit Suisse Group AG in a report released on Wednesday. The brokerage currently has a a “sell” rating on the stock. Credit Suisse Group AG’s price objective would suggest a potential downside of 11.64% from the stock’s current price.
Several other equities research analysts also recently commented on the stock. Cleveland Research downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating in a research report on Tuesday. Vetr downgraded shares of Dollar Tree from a “buy” rating to a “sell” rating and set a $74.00 target price on the stock. in a research report on Monday. Zacks Investment Research downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Monday. Atlantic Securities downgraded shares of Dollar Tree from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $87.00 to $68.00 in a research report on Tuesday, September 27th. Finally, Barclays PLC started coverage on shares of Dollar Tree in a research note on Thursday, September 22nd. They set an “equal weight” rating and a $88.00 price target for the company. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $91.77.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 78.09 on Wednesday. The company has a market cap of $18.41 billion, a P/E ratio of 25.91 and a beta of 0.54. The stock’s 50 day moving average is $83.11 and its 200 day moving average is $86.62. Dollar Tree has a 12 month low of $60.31 and a 12 month high of $99.93.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by $0.01. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was up 66.0% on a year-over-year basis. On average, analysts anticipate that Dollar Tree will post $3.80 EPS for the current fiscal year.
In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,470 shares of Dollar Tree stock in a transaction on Tuesday, August 30th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $124,950.00. Following the completion of the transaction, the director now directly owns 9,469 shares of the company’s stock, valued at $804,865. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Barry W. Sullivan sold 2,449 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $83.21, for a total transaction of $203,781.29. Following the transaction, the insider now owns 8,904 shares in the company, valued at $740,901.84. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in shares of Dollar Tree by 216.1% in the third quarter. BNP Paribas Arbitrage SA now owns 127,914 shares of the company’s stock worth $10,096,000 after buying an additional 87,449 shares during the last quarter. Eqis Capital Management Inc. boosted its position in shares of Dollar Tree by 26.7% in the third quarter. Eqis Capital Management Inc. now owns 10,556 shares of the company’s stock worth $833,000 after buying an additional 2,224 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Dollar Tree by 28.4% in the second quarter. Macquarie Group Ltd. now owns 165,614 shares of the company’s stock worth $15,607,000 after buying an additional 36,644 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Dollar Tree during the second quarter worth approximately $896,000. Finally, Kentucky Retirement Systems acquired a new position in shares of Dollar Tree during the second quarter worth approximately $1,888,000. Institutional investors and hedge funds own 94.37% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
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