Dollar Tree’s (DLTR) Hold Rating Reiterated at Jefferies Group LLC
Dollar Tree, Inc. (NASDAQ:DLTR)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a research report issued on Tuesday. They presently have a $85.00 target price on the stock. Jefferies Group LLC’s price target points to a potential downside of 6.85% from the company’s current price.
A number of other brokerages have also issued reports on DLTR. Royal Bank Of Canada set a $92.00 target price on Dollar Tree and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a research note on Friday, October 13th. Piper Jaffray Companies restated a “hold” rating and issued a $85.00 target price on shares of Dollar Tree in a research note on Friday, September 29th. Finally, Cleveland Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $90.00.
Shares of Dollar Tree (DLTR) traded down 0.21% during mid-day trading on Tuesday, hitting $91.25. The company had a trading volume of 1,384,384 shares. The company has a market capitalization of $21.61 billion, a price-to-earnings ratio of 23.34 and a beta of 0.70. The company has a 50-day moving average price of $88.03 and a 200-day moving average price of $78.82. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $93.68.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results 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. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. On average, equities analysts anticipate that Dollar Tree will post $4.68 EPS for the current year.
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In related news, Chairman Macon F. Brock, Jr. sold 63,000 shares of Dollar Tree stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $91.04, for a total value of $5,735,520.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas A. Saunders sold 18,621 shares of Dollar Tree stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $91.11, for a total value of $1,696,559.31. The disclosure for this sale can be found here. Insiders have sold a total of 101,449 shares of company stock worth $9,139,337 over the last 90 days. Insiders own 2.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of DLTR. FMR LLC boosted its holdings in Dollar Tree by 49.4% in the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the last quarter. Maverick Capital Ltd. boosted its holdings in Dollar Tree by 86.7% in the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the last quarter. BlackRock Inc. boosted its holdings in Dollar Tree by 10.3% in the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Dollar Tree by 116.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,801,303 shares of the company’s stock worth $125,947,000 after buying an additional 967,500 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Dollar Tree by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the last quarter. Institutional investors own 90.73% of the company’s stock.
Dollar Tree Company Profile
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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