Dollar Tree’s (DLTR) Buy Rating Reiterated at Loop Capital
Dollar Tree, Inc. (NASDAQ:DLTR)‘s stock had its “buy” rating reaffirmed by equities researchers at Loop Capital in a note issued to investors on Wednesday. They currently have a $88.00 price target on the stock. Loop Capital’s price target indicates a potential upside of 5.48% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Deutsche Bank AG reissued a “buy” rating and set a $95.00 target price on shares of Dollar Tree in a research report on Tuesday, July 4th. Bank of America Corporation reissued a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Buckingham Research reissued a “buy” rating and set a $87.00 target price on shares of Dollar Tree in a research report on Wednesday, August 9th. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. Dollar Tree currently has an average rating of “Hold” and an average target price of $88.04.
Dollar Tree (NASDAQ:DLTR) traded down 0.41% during mid-day trading on Wednesday, hitting $83.09. The stock had a trading volume of 781,746 shares. The stock’s 50-day moving average price is $78.20 and its 200-day moving average price is $76.10. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $91.41. The stock has a market cap of $19.68 billion, a price-to-earnings ratio of 21.26 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Dollar Tree will post $4.66 earnings per share for the current year.
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In other Dollar Tree news, insider Gary M. Philbin sold 2,795 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the sale, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lemuel E. Lewis bought 1,900 shares of the stock in a transaction on Monday, June 26th. The stock was purchased at an average price of $66.70 per share, with a total value of $126,730.00. Following the completion of the acquisition, the director now directly owns 16,404 shares in the company, valued at approximately $1,094,146.80. The disclosure for this purchase can be found here. Insiders sold a total of 33,849 shares of company stock valued at $2,528,548 over the last quarter. Company insiders own 2.90% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. BlueMountain Capital Management LLC lifted its stake in shares of Dollar Tree by 119.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after purchasing an additional 825 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of Dollar Tree by 3.1% during the 1st quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after purchasing an additional 48 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Dollar Tree during the 1st quarter worth $124,000. Sun Life Financial INC lifted its stake in shares of Dollar Tree by 17,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. lifted its stake in shares of Dollar Tree by 18.1% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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