Wells Fargo & Co Reaffirms Outperform Rating for Dollar Tree (DLTR)
Wells Fargo & Co reaffirmed their outperform rating on shares of Dollar Tree (NASDAQ:DLTR) in a report issued on Tuesday morning. They currently have a $128.00 price objective on the stock, down from their previous price objective of $138.00.
Several other equities analysts also recently commented on the stock. Jefferies Group restated a hold rating and issued a $85.00 price target on shares of Dollar Tree in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Dollar Tree from a hold rating to a buy rating and set a $105.00 target price for the company in a research note on Wednesday, November 8th. JPMorgan Chase & Co. reiterated a buy rating and set a $118.00 target price on shares of Dollar Tree in a research note on Friday, November 3rd. Raymond James Financial set a $124.00 target price on shares of Dollar Tree and gave the stock a buy rating in a research note on Thursday, December 7th. Finally, BidaskClub downgraded shares of Dollar Tree from a strong-buy rating to a buy rating in a research note on Thursday, December 14th. Twelve analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Dollar Tree has an average rating of Buy and an average target price of $105.92.
Dollar Tree (NASDAQ:DLTR) opened at $104.41 on Tuesday. The company has a market cap of $24,679.37, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 1.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $116.65.
Several large investors have recently made changes to their positions in DLTR. Exane Derivatives purchased a new stake in shares of Dollar Tree in the fourth quarter valued at about $104,000. Cerebellum GP LLC purchased a new stake in shares of Dollar Tree in the fourth quarter valued at about $127,000. FTB Advisors Inc. raised its holdings in shares of Dollar Tree by 249.2% in the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after buying an additional 992 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of Dollar Tree in the fourth quarter valued at about $165,000. Finally, Zions Bancorporation raised its holdings in shares of Dollar Tree by 6,912.9% in the third quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock valued at $189,000 after buying an additional 2,143 shares during the last quarter. 91.50% of the stock is owned by institutional investors and hedge funds.
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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.
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