Dollar Tree’s (DLTR) Buy Rating Reaffirmed at UBS AG
UBS AG restated their buy rating on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a report published on Tuesday, www.benzinga.com reports. They currently have a $106.00 target price on the stock, up from their previous target price of $100.00.
Several other brokerages have also weighed in on DLTR. KeyCorp reissued a buy rating and set a $98.00 price objective on shares of Dollar Tree in a report on Friday, November 10th. Zacks Investment Research raised shares of Dollar Tree from a hold rating to a buy rating and set a $105.00 price objective for the company in a report on Wednesday, November 8th. The Goldman Sachs Group, Inc. began coverage on shares of Dollar Tree in a report on Tuesday. They set a buy rating and a $106.00 price objective for the company. J P Morgan Chase & Co reissued a buy rating and set a $118.00 price objective on shares of Dollar Tree in a report on Friday, November 3rd. Finally, Wells Fargo & Company initiated coverage on shares of Dollar Tree in a report on Friday, November 3rd. They issued an outperform rating and a $106.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $93.00.
Shares of Dollar Tree (DLTR) opened at $94.61 on Tuesday. Dollar Tree has a one year low of $65.63 and a one year high of $95.64. The stock has a market cap of $22,410.00, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.52 and a beta of 0.59. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data 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 company 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% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. analysts expect that Dollar Tree will post 4.67 earnings per share for the current fiscal year.
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In related news, insider William A. Old, Jr. sold 1,487 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the completion of the sale, the chairman now owns 1,128,795 shares in the company, valued at $102,867,088.35. 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 90 days. 4.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC raised its holdings 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 worth $106,000 after purchasing an additional 825 shares in the last quarter. Sun Life Financial INC raised its holdings in shares of Dollar Tree by 17,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after purchasing an additional 1,710 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Dollar Tree by 2.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after purchasing an additional 36 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Dollar Tree by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after purchasing an additional 12 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $150,000. Institutional investors and hedge funds own 90.68% of the company’s stock.
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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