Dollar Tree Inc. (DLTR) PT Lowered to $96.00
Dollar Tree Inc. (NASDAQ:DLTR) had its price target cut by stock analysts at Deutsche Bank AG from $104.00 to $96.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 23.06% from the stock’s previous close.
Several other analysts have also recently commented on the company. Jefferies Group restated a “hold” rating on shares of Dollar Tree in a research report on Monday, September 12th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, July 6th. Atlantic Securities cut Dollar Tree from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $87.00 to $68.00 in a research report on Tuesday, September 27th. MKM Partners restated a “buy” rating and issued a $104.00 target price (up from $80.00) on shares of Dollar Tree in a research report on Tuesday, August 23rd. Finally, Vetr upgraded Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $112.00 target price on the stock in a research report on Wednesday, July 6th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. Dollar Tree presently has a consensus rating of “Hold” and an average price target of $91.14.
Dollar Tree (NASDAQ:DLTR) traded down 0.05% during mid-day trading on Monday, hitting $77.93. The company had a trading volume of 866,668 shares. Dollar Tree has a 52-week low of $60.31 and a 52-week high of $99.93. The firm has a market cap of $18.37 billion, a P/E ratio of 25.86 and a beta of 0.54. The stock’s 50 day moving average price is $82.60 and its 200 day moving average price is $86.60.
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Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing the 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 business earned $5.02 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm’s revenue was up 66.0% compared to the same quarter last year. On average, equities research analysts predict that Dollar Tree will post $3.80 EPS for the current fiscal year.
In other Dollar Tree news, Director Lemuel E. Lewis acquired 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, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Conrad M. Hall acquired 5,000 shares of the company’s stock in a transaction dated 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 purchase, the director now directly owns 799 shares of the company’s stock, valued at approximately $68,394.40. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of DLTR. Pillar Pacific Capital Management LLC raised its position in Dollar Tree by 0.3% in the second quarter. Pillar Pacific Capital Management LLC now owns 4,161 shares of the company’s stock worth $392,000 after buying an additional 11 shares during the last quarter. Carroll Financial Associates Inc. raised its position in Dollar Tree by 0.4% in the second quarter. Carroll Financial Associates Inc. now owns 3,679 shares of the company’s stock worth $346,000 after buying an additional 16 shares during the last quarter. Signaturefd LLC raised its position in Dollar Tree by 1.5% in the second quarter. Signaturefd LLC now owns 1,266 shares of the company’s stock worth $119,000 after buying an additional 19 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Dollar Tree by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,987 shares of the company’s stock worth $847,000 after buying an additional 23 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Dollar Tree by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,818 shares of the company’s stock worth $165,000 after buying an additional 33 shares during the last quarter. 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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