Dollar Tree, Inc. (NASDAQ:DLTR)‘s stock had its “top pick” rating reissued by research analysts at Royal Bank Of Canada in a report issued on Wednesday, MarketBeat.com reports. They presently have a $111.00 price objective on the stock, up from their previous price objective of $102.00. Royal Bank Of Canada’s target price would indicate a potential upside of 12.83% from the company’s previous close.

DLTR has been the subject of a number of other research reports. Cleveland Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Wednesday, October 11th. Raymond James Financial, Inc. dropped coverage on Dollar Tree in a research report on Saturday, August 26th. Goldman Sachs Group Inc began coverage on Dollar Tree in a research report on Tuesday, November 14th. They set a “buy” rating and a $106.00 price objective for the company. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a research note on Tuesday, August 22nd. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $99.92.

Dollar Tree (DLTR) traded down $1.39 during trading hours on Wednesday, reaching $98.38. The company had a trading volume of 1,741,500 shares, compared to its average volume of 2,749,520. Dollar Tree has a twelve month low of $65.63 and a twelve month high of $100.74. The firm has a market cap of $23,325.50, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.54 and a beta of 0.59. The company has a quick ratio of 0.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.91.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts forecast that Dollar Tree will post 4.84 EPS for the current fiscal year.

In other Dollar Tree news, insider Gary M. Philbin sold 2,795 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total value of $236,177.50. Following the transaction, the insider now owns 34,532 shares in the company, valued at $2,917,954. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total value of $13,669,500.00. Following the completion of the transaction, the chairman now owns 1,128,795 shares in the company, valued at approximately $102,867,088.35. The disclosure for this sale can be found here. Insiders have sold 260,641 shares of company stock worth $23,726,199 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Prudential Financial Inc. boosted its stake in shares of Dollar Tree by 8.4% during the 2nd quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock worth $25,037,000 after acquiring an additional 27,672 shares in the last quarter. Rockshelter Capital Management LLC bought a new stake in shares of Dollar Tree during the 2nd quarter worth about $5,850,000. Shell Asset Management Co. boosted its stake in shares of Dollar Tree by 368.4% during the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock worth $4,057,000 after acquiring an additional 56,906 shares in the last quarter. South Dakota Investment Council bought a new stake in shares of Dollar Tree during the 2nd quarter worth about $804,000. Finally, Korea Investment CORP boosted its stake in shares of Dollar Tree by 170.4% during the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock worth $4,904,000 after acquiring an additional 35,600 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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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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