Dollar Tree Inc. (DLTR) Receives New Coverage from Analysts at KeyCorp
Equities researchers at KeyCorp started coverage on shares of Dollar Tree Inc. (NASDAQ:DLTR) in a research note issued on Wednesday, The Fly reports. The brokerage set an “overweight” rating on the stock.
Several other equities analysts have also recently issued reports on DLTR. Buckingham Research reiterated a “buy” rating and issued a $106.00 price target on shares of Dollar Tree in a report on Wednesday, July 6th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Dollar Tree in a report on Wednesday, July 6th. 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 report on Wednesday, July 6th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Monday, July 11th. Finally, Deutsche Bank AG upgraded Dollar Tree from a “hold” rating to a “buy” rating and raised their target price for the stock from $82.00 to $110.00 in a report on Monday, August 1st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $91.14.
Shares of Dollar Tree (NASDAQ:DLTR) traded up 0.30% during trading on Wednesday, hitting $77.47. The stock had a trading volume of 1,093,757 shares. Dollar Tree has a 1-year low of $60.31 and a 1-year high of $99.93. The company has a market capitalization of $18.27 billion, a price-to-earnings ratio of 25.70 and a beta of 0.54. The firm has a 50 day moving average of $81.57 and a 200 day moving average of $86.64.
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Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.01. The firm earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. Dollar Tree’s revenue was up 66.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 EPS. Analysts expect that Dollar Tree will post $3.80 EPS for the current fiscal year.
In related news, Director Lemuel E. Lewis acquired 1,470 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was purchased at an average cost 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 $804,865. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Conrad M. Hall acquired 5,000 shares of the company’s stock in a transaction on Monday, August 29th. The stock was bought at an average cost of $85.60 per share, with a total value of $428,000.00. Following the completion of the acquisition, the director now directly owns 799 shares in the company, valued at $68,394.40. The disclosure for this purchase can be found here. 4.10% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in DLTR. Tower Research Capital LLC TRC boosted its position in shares of Dollar Tree by 1,439.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,062 shares of the company’s stock valued at $100,000 after buying an additional 993 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Dollar Tree during the first quarter worth approximately $108,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Dollar Tree during the second quarter worth approximately $108,000. Signaturefd LLC boosted 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 period. Finally, Tredje AP fonden acquired a new position in Dollar Tree during the second quarter worth approximately $120,000. 94.37% of the stock is 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.
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