Dollar Tree, Inc. (DLTR) Receives “Hold” Rating from BMO Capital Markets
Dollar Tree, Inc. (NASDAQ:DLTR)‘s stock had its “hold” rating reaffirmed by equities research analysts at BMO Capital Markets in a note issued to investors on Thursday. They currently have a $90.00 price target on the stock. BMO Capital Markets’ price target indicates a potential downside of 1.37% from the company’s current price.
Several other analysts have also weighed in on DLTR. Zacks Investment Research raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Buckingham Research reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Loop Capital reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a research note on Tuesday, August 22nd. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Dollar Tree presently has an average rating of “Buy” and a consensus price target of $90.00.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion for 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%. Dollar Tree’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share.
WARNING: This piece of content was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/02/dollar-tree-inc-dltr-receives-hold-rating-from-bmo-capital-markets.html.
In other news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $91.50, for a total transaction of $136,060.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Macon F. Brock, Jr. sold 63,000 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 251,449 shares of company stock valued at $22,808,837 over the last 90 days. 4.10% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in 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 worth $100,000 after purchasing an additional 993 shares in the last quarter. BlueMountain Capital Management LLC increased its holdings in Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after purchasing an additional 825 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Dollar Tree in the first quarter worth approximately $108,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Dollar Tree in the second quarter worth approximately $108,000. Finally, Signaturefd LLC increased its holdings 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 purchasing an additional 19 shares in 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.
Receive News & Ratings for Dollar Tree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.