Dollar Tree Inc. (DLTR) Downgraded by Vetr Inc.
Dollar Tree Inc. (NASDAQ:DLTR) was downgraded by research analysts at Vetr from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Monday. They currently have a $74.00 price objective on the stock. Vetr‘s price objective points to a potential downside of 5.09% from the stock’s previous close.
A number of other brokerages have also issued reports on DLTR. MKM Partners lowered Dollar Tree from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $104.00 to $80.00 in a report on Friday, August 26th. They noted that the move was a valuation call. Piper Jaffray Cos. reissued a “neutral” rating and issued a $85.00 price objective (down from $87.00) on shares of Dollar Tree in a report on Monday, August 29th. Barclays PLC assumed coverage on Dollar Tree in a research report on Thursday, September 22nd. They issued an “equal weight” rating and a $88.00 target price for the company. Morgan Stanley set a $90.00 target price on Dollar Tree and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Finally, Zacks Investment Research downgraded Dollar Tree from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $91.77.
Shares of Dollar Tree (NASDAQ:DLTR) traded down 0.15% during trading on Monday, reaching $77.97. The company had a trading volume of 1,783,002 shares. Dollar Tree has a 12 month low of $60.31 and a 12 month high of $99.93. The stock’s 50-day moving average price is $82.60 and its 200-day moving average price is $86.60. The stock has a market capitalization of $18.38 billion, a PE ratio of 25.87 and a beta of 0.54.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/09/dollar-tree-inc-dltr-downgraded-by-vetr-inc.html
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The business earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period last year, the company earned $0.67 earnings per share. The business’s quarterly revenue was up 66.0% compared to the same quarter last year. Equities analysts forecast that Dollar Tree will post $3.80 earnings per share for the current fiscal year.
In related news, Director Lemuel E. Lewis purchased 1,470 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were acquired at an average cost of $85.00 per share, with a total value of $124,950.00. Following the completion of the purchase, the director now owns 9,469 shares of the company’s stock, valued at approximately $804,865. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas A. Saunders sold 5,000 shares of the company’s stock in a transaction on Monday, July 11th. The stock was 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. Company insiders own 4.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Advisor Partners LLC bought a new position in Dollar Tree during the first quarter worth $214,000. TimesSquare Capital Management LLC increased its position in Dollar Tree by 0.5% in the first quarter. TimesSquare Capital Management LLC now owns 1,564,125 shares of the company’s stock worth $128,978,000 after buying an additional 7,595 shares during the period. NN Investment Partners Holdings N.V. bought a new position in Dollar Tree during the first quarter worth $108,000. Tobam bought a new position in Dollar Tree during the first quarter worth $810,000. Finally, BlackRock Fund Advisors increased its position in Dollar Tree by 0.6% in the first quarter. BlackRock Fund Advisors now owns 3,964,963 shares of the company’s stock worth $326,951,000 after buying an additional 25,183 shares during the period. 94.37% of the stock is currently owned by institutional investors and hedge funds.
Dollar Tree Company Profile
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.
Receive News & Ratings for Dollar Tree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.