Dollar Tree Inc. (NASDAQ:DLTR) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday. They currently have a $86.00 target price on the stock. Vetr‘s price objective indicates a potential upside of 6.89% from the stock’s previous close.
Several other equities analysts also recently commented on the stock. Atlantic Securities downgraded shares of Dollar Tree from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $87.00 to $68.00 in a research note on Tuesday. Barclays PLC began coverage on shares of Dollar Tree in a research note on Thursday, September 22nd. They issued an “equal weight” rating and a $88.00 price objective for the company. Jefferies Group reissued a “hold” rating on shares of Dollar Tree in a research note on Monday, September 12th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $101.00 price objective on shares of Dollar Tree in a research note on Tuesday, September 6th. Finally, Morgan Stanley set a $90.00 price objective on shares of Dollar Tree and gave the company a “hold” rating in a research note on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Dollar Tree has a consensus rating of “Buy” and a consensus price target of $92.36.
Shares of Dollar Tree (NASDAQ:DLTR) traded up 0.57% during trading on Tuesday, hitting $80.46. 2,883,156 shares of the stock were exchanged. Dollar Tree has a 52 week low of $60.31 and a 52 week high of $99.93. The firm’s 50 day moving average price is $87.08 and its 200-day moving average price is $86.80. The stock has a market cap of $18.97 billion, a P/E ratio of 26.70 and a beta of 0.43.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results 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 return on equity of 16.29% and a net margin of 3.50%. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period last year, the company posted $0.67 EPS. The business’s revenue was up 66.0% on a year-over-year basis. On average, analysts predict that Dollar Tree will post $3.78 EPS for the current year.
In other Dollar Tree news, Director Lemuel E. Lewis acquired 1,560 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were purchased at an average cost of $80.00 per share, with a total value of $124,800.00. Following the completion of the purchase, the director now owns 11,029 shares of the company’s stock, valued at $882,320. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Saunders sold 5,000 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $95.50, for a total transaction of $477,500.00. Following the completion of the transaction, the director now directly owns 2,310,387 shares in the company, valued at $220,641,958.50. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its position in Dollar Tree by 12.0% in the first quarter. Commonwealth Equity Services Inc now owns 15,176 shares of the company’s stock worth $1,251,000 after buying an additional 1,629 shares during the period. Aperio Group LLC raised its position in Dollar Tree by 15.8% in the first quarter. Aperio Group LLC now owns 75,941 shares of the company’s stock worth $6,262,000 after buying an additional 10,382 shares during the period. Nisa Investment Advisors L.L.C. raised its position in Dollar Tree by 5.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 60,400 shares of the company’s stock worth $4,981,000 after buying an additional 3,000 shares during the period. Virginia Retirement System acquired a new position in Dollar Tree during the first quarter worth $298,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Dollar Tree during the first quarter worth $202,000. 94.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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