Vetr cut shares of Dollar Tree Inc. (NASDAQ:DLTR) from a hold rating to a sell rating in a research note released on Monday. The firm currently has $74.00 target price on the stock.
Several other research analysts also recently commented on DLTR. Buckingham Research reaffirmed a buy rating and issued a $106.00 price target on shares of Dollar Tree in a research report on Wednesday, July 6th. Credit Suisse Group AG set a $69.00 price target on Dollar Tree and gave the stock a sell rating in a research report on Wednesday, October 5th. Cleveland Research downgraded Dollar Tree from a buy rating to a neutral rating in a research report on Tuesday, October 4th. Deutsche Bank AG raised Dollar Tree from a hold rating to a buy rating and lifted their price target for the stock from $82.00 to $110.00 in a research report on Monday, August 1st. Finally, Atlantic Securities downgraded 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. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $91.14.
Dollar Tree (NASDAQ:DLTR) opened at 77.47 on Monday. Dollar Tree has a 12-month low of $61.03 and a 12-month high of $99.93. The stock has a market cap of $18.27 billion, a PE ratio of 25.70 and a beta of 0.54. The firm has a 50-day moving average price of $81.05 and a 200-day moving average price of $86.57.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.01. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The company earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The firm’s revenue was up 66.0% on a year-over-year basis. Analysts forecast that Dollar Tree will post $3.80 EPS for the current fiscal year.
In related news, Director Conrad M. Hall acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was acquired at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the acquisition, the director now owns 799 shares of the company’s stock, valued at approximately $68,394.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lemuel E. Lewis acquired 1,470 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average price of $85.00 per share, with a total value of $124,950.00. Following the acquisition, the director now directly owns 9,469 shares of the company’s stock, valued at approximately $804,865. The disclosure for this purchase can be found here. 4.10% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in Dollar Tree by 1.2% in the first quarter. Legal & General Group Plc now owns 926,139 shares of the company’s stock worth $76,364,000 after buying an additional 11,054 shares in the last quarter. Standard Life Investments LTD boosted its position in Dollar Tree by 38.5% in the second quarter. Standard Life Investments LTD now owns 2,797,544 shares of the company’s stock worth $263,654,000 after buying an additional 777,451 shares during the last quarter. Retirement Systems of Alabama boosted its position in Dollar Tree by 1.8% in the second quarter. Retirement Systems of Alabama now owns 120,093 shares of the company’s stock worth $11,318,000 after buying an additional 2,111 shares during the last quarter. Calamos Advisors LLC acquired a new position in Dollar Tree during the second quarter worth about $28,225,000. Finally, Grand Jean Capital Management Inc. acquired a new position in Dollar Tree during the first quarter worth about $9,270,000. Institutional investors and hedge funds own 94.37% of the company’s stock.
About Dollar Tree
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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