Oppenheimer initiated coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note released on Tuesday. The brokerage issued an outperform rating and a $130.00 target price on the stock. Oppenheimer also issued estimates for Dollar Tree’s Q4 2018 earnings at $1.86 EPS, FY2018 earnings at $4.84 EPS, FY2019 earnings at $5.31 EPS and FY2020 earnings at $5.91 EPS.

DLTR has been the topic of a number of other research reports. BMO Capital Markets reiterated a hold rating and set a $90.00 price objective on shares of Dollar Tree in a research note on Thursday, November 2nd. MKM Partners lifted their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the company a neutral rating in a research note on Wednesday, November 22nd. Zacks Investment Research lowered shares of Dollar Tree from a buy rating to a hold rating in a research note on Tuesday, October 31st. Royal Bank of Canada set a $92.00 price objective on shares of Dollar Tree and gave the company a buy rating in a research note on Monday, October 30th. Finally, KeyCorp reiterated a buy rating and set a $98.00 price objective on shares of Dollar Tree in a research note on Friday, November 10th. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Dollar Tree has an average rating of Buy and an average target price of $105.04.

Dollar Tree (NASDAQ DLTR) opened at $114.73 on Tuesday. The firm has a market cap of $26,768.20, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.85 and a beta of 0.63. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $115.89.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. equities research analysts predict that Dollar Tree will post 4.87 EPS for the current year.

In other Dollar Tree news, Director Thomas A. Saunders sold 33,750 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the sale, the director now owns 2,332,294 shares in the company, valued at $248,016,143.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bob Sasser sold 64,002 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total transaction of $6,383,559.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 293,132 shares of company stock valued at $28,348,680. Insiders own 4.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Rockshelter Capital Management LLC bought a new stake in Dollar Tree during the second quarter valued at $5,850,000. Shell Asset Management Co. increased its stake in Dollar Tree by 368.4% during the third quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock valued at $4,057,000 after purchasing an additional 56,906 shares during the last quarter. Korea Investment CORP increased its stake in Dollar Tree by 170.4% during the third quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after purchasing an additional 35,600 shares during the last quarter. Wright Investors Service Inc. bought a new stake in Dollar Tree during the third quarter valued at $501,000. Finally, British Airways Pensions Investment Management Ltd bought a new stake in Dollar Tree during the third quarter valued at $34,022,000. Hedge funds and other institutional investors own 89.74% of the company’s stock.

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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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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