Dollar Tree Inc. (DLTR) Price Target Lowered to $96.00 at Deutsche Bank AG
Dollar Tree Inc. (NASDAQ:DLTR) had its price target lowered by investment analysts at Deutsche Bank AG from $104.00 to $96.00 in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s target price points to a potential upside of 23.06% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Vetr downgraded Dollar Tree from a “hold” rating to a “sell” rating and set a $74.00 price objective on the stock. in a report on Monday. Goldman Sachs Group Inc. restated a “buy” rating on shares of Dollar Tree in a report on Wednesday, July 6th. Buckingham Research restated a “buy” rating and issued a $106.00 price objective on shares of Dollar Tree in a report on Wednesday, July 6th. Jefferies Group restated a “hold” rating on shares of Dollar Tree in a report on Monday, September 12th. Finally, Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Monday, July 11th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $91.14.
Dollar Tree (NASDAQ:DLTR) traded down 0.06% during mid-day trading on Monday, reaching $77.92. 819,485 shares of the company traded hands. The stock has a 50 day moving average price of $82.60 and a 200-day moving average price of $86.60. Dollar Tree has a 52-week low of $60.31 and a 52-week high of $99.93. The company has a market capitalization of $18.37 billion, a P/E ratio of 25.85 and a beta of 0.54.
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Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.72 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 firm earned $5.02 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The company’s quarterly revenue was up 66.0% on a year-over-year basis. Analysts expect that Dollar Tree will post $3.80 EPS for the current fiscal year.
In other Dollar Tree news, Director Conrad M. Hall bought 5,000 shares of the stock in a transaction dated Monday, August 29th. The stock was bought at an average cost of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the purchase, the director now owns 799 shares in the company, valued at approximately $68,394.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Barry W. Sullivan sold 2,449 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $83.21, for a total value of $203,781.29. Following the completion of the sale, the insider now owns 8,904 shares of the company’s stock, valued at $740,901.84. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in DLTR. Virginia Retirement System acquired a new stake in shares of Dollar Tree during the first quarter worth $298,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Dollar Tree during the first quarter worth $202,000. Prudential Financial Inc. raised its stake in shares of Dollar Tree by 1.9% in the first quarter. Prudential Financial Inc. now owns 291,845 shares of the company’s stock worth $24,065,000 after buying an additional 5,490 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of Dollar Tree during the first quarter worth $108,000. Finally, Advisor Partners LLC acquired a new stake in shares of Dollar Tree during the first quarter worth $214,000. Institutional investors 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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