Research analysts at Guggenheim started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a report released on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other analysts have also weighed in on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Wednesday, November 8th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Dollar Tree in a research note on Friday, November 3rd. Raymond James Financial set a $124.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Thursday, December 7th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Friday, November 10th. Twelve equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $101.79.
Dollar Tree (DLTR) traded down $0.06 during trading hours on Wednesday, reaching $109.63. 1,048,811 shares of the company were exchanged, compared to its average volume of 1,606,843. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $111.63. The stock has a market capitalization of $25,950.00, a price-to-earnings ratio of 26.10, a PEG ratio of 1.74 and a beta of 0.63. The company has a current ratio of 1.95, a quick ratio of 0.28 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 for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts predict that Dollar Tree will post 4.85 EPS for the current fiscal year.
In other news, Chairman Bob Sasser sold 64,002 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total transaction of $6,383,559.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William A. Old, Jr. sold 1,487 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 357,619 shares of company stock worth $34,220,260. Corporate insiders own 2.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in Dollar Tree by 1,439.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,062 shares of the company’s stock worth $100,000 after buying an additional 993 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Dollar Tree in the 2nd quarter worth approximately $108,000. Signaturefd LLC increased its holdings in Dollar Tree by 1.5% in the 2nd quarter. Signaturefd LLC now owns 1,266 shares of the company’s stock worth $119,000 after buying an additional 19 shares during the period. Sun Life Financial INC acquired a new position in Dollar Tree in the 1st quarter worth approximately $107,775,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in Dollar Tree in the 1st quarter worth approximately $108,000. Hedge funds and other institutional investors own 89.73% 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.