Dollar Tree, Inc. (DLTR) Stock Rating Reaffirmed by Loop Capital
Several other research analysts have also recently weighed in on DLTR. Deutsche Bank AG boosted their target price on Dollar Tree from $95.00 to $96.00 and gave the stock a buy rating in a report on Thursday, May 25th. BMO Capital Markets set a $88.00 target price on Dollar Tree and gave the stock a hold rating in a report on Friday, May 26th. Bank of America Corporation restated a buy rating and set a $95.00 target price (down from $100.00) on shares of Dollar Tree in a report on Sunday, May 28th. Citigroup Inc. restated a neutral rating and set a $86.00 target price (up from $85.00) on shares of Dollar Tree in a report on Sunday, June 11th. Finally, BidaskClub cut Dollar Tree from a sell rating to a strong sell rating in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $88.04.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 84.62 on Wednesday. The firm’s 50-day moving average price is $78.20 and its 200-day moving average price is $76.10. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $91.41. The stock has a market capitalization of $20.04 billion, a P/E ratio of 21.65 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. On average, equities research analysts forecast that Dollar Tree will post $4.66 EPS for the current year.
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In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,900 shares of the company’s stock in a transaction on Monday, June 26th. The stock was acquired at an average price of $66.70 per share, for a total transaction of $126,730.00. Following the completion of the purchase, the director now directly owns 16,404 shares in the company, valued at approximately $1,094,146.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary M. Philbin sold 9,950 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total transaction of $841,173.00. Following the completion of the transaction, the insider now owns 34,532 shares of the company’s stock, valued at approximately $2,919,335.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,849 shares of company stock valued at $2,528,548. Insiders own 4.10% of the company’s stock.
Several large investors have recently bought and sold shares of DLTR. BlueMountain Capital Management LLC grew its stake in shares of Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after acquiring an additional 825 shares in the last quarter. Sun Life Financial INC grew its stake in shares of Dollar Tree by 17,100.0% in the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after acquiring an additional 1,710 shares in the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Dollar Tree in the first quarter worth $124,000. Citizens Financial Group Inc. RI grew its stake in shares of Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after acquiring an additional 48 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. grew its stake in shares of Dollar Tree by 18.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after acquiring an additional 285 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.
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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