Dollar Tree, Inc. (NASDAQ:DLTR) has been given a $92.00 price target by investment analysts at Royal Bank Of Canada in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 0.61% from the company’s current price.

DLTR has been the subject of a number of other research reports. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Monday, August 28th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a report on Friday, October 13th. Buckingham Research reissued a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. Bank of America Corporation started coverage on shares of Dollar Tree in a report on Friday, August 25th. They issued a “buy” rating and a $91.00 price objective for the company. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a report on Friday, September 29th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Dollar Tree has a consensus rating of “Buy” and a consensus price target of $90.00.

Dollar Tree (NASDAQ DLTR) opened at 91.44 on Monday. The firm has a 50 day moving average of $88.03 and a 200-day moving average of $78.82. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $93.68. The stock has a market capitalization of $21.66 billion, a PE ratio of 23.39 and a beta of 0.70.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. On average, equities analysts predict that Dollar Tree will post $4.68 EPS for the current year.

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In other news, insider Gary M. Philbin sold 9,950 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total value of $841,173.00. Following the completion of the transaction, the insider now owns 34,532 shares of the company’s stock, valued at $2,919,335.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at approximately $2,917,954. The disclosure for this sale can be found here. In the last three months, insiders sold 101,449 shares of company stock valued at $9,139,337. Insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock valued at $1,563,349,000 after purchasing an additional 691,393 shares during the period. FMR LLC boosted its stake in shares of Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after purchasing an additional 5,724,495 shares during the period. BlackRock Inc. boosted its stake in shares of Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after purchasing an additional 1,479,936 shares during the period. Maverick Capital Ltd. boosted its stake in shares of Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after purchasing an additional 3,777,579 shares during the period. Finally, Standard Life Investments LTD boosted its stake in shares of Dollar Tree by 13.9% in the second quarter. Standard Life Investments LTD now owns 5,085,240 shares of the company’s stock valued at $355,610,000 after purchasing an additional 621,164 shares during the period. 90.73% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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