Dollar Tree (NASDAQ:DLTR) received a $124.00 target price from Raymond James Financial in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 14.11% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Bank of America started coverage on shares of Dollar Tree in a report on Friday, August 25th. They set a “buy” rating and a $91.00 price target on the stock. Buckingham Research lifted their price target on shares of Dollar Tree from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, August 25th. Loop Capital reiterated a “buy” rating and set a $86.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. Deutsche Bank reiterated a “buy” rating and set a $98.00 price target (up previously from $95.00) on shares of Dollar Tree in a report on Thursday, August 24th. Finally, BTIG Research reiterated a “buy” rating and set a $98.00 price target on shares of Dollar Tree in a report on Wednesday, August 23rd. Eleven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Dollar Tree has an average rating of “Buy” and a consensus target price of $101.13.

Shares of Dollar Tree (NASDAQ:DLTR) traded up $1.36 during trading on Thursday, reaching $108.67. 2,450,809 shares of the company’s stock were exchanged, compared to its average volume of 2,746,635. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $108.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. The firm has a market capitalization of $25,018.42, a price-to-earnings ratio of 24.15, a P/E/G ratio of 1.66 and a beta of 0.64.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. research analysts expect that Dollar Tree will post 4.85 earnings per share for the current year.

In other Dollar Tree news, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction on Tuesday, September 12th. The shares were 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 of the company’s stock, valued at $2,917,954. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas A. Saunders sold 12,440 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $108.15, for a total transaction of $1,345,386.00. Following the sale, the director now directly owns 2,326,702 shares of the company’s stock, valued at $251,632,821.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 394,581 shares of company stock worth $37,488,017. 4.10% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC boosted its stake in Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after acquiring an additional 12 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after acquiring an additional 36 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Dollar Tree by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock valued at $1,229,000 after acquiring an additional 73 shares during the last quarter. Atlantic Trust LLC boosted its stake in Dollar Tree by 2.9% in the second quarter. Atlantic Trust LLC now owns 5,425 shares of the company’s stock valued at $379,000 after acquiring an additional 155 shares during the last quarter. Finally, Cadence Capital Management LLC boosted its stake in Dollar Tree by 1.4% in the second quarter. Cadence Capital Management LLC now owns 11,639 shares of the company’s stock valued at $814,000 after acquiring an additional 166 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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