Analysts at Oppenheimer started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research report issued to clients and investors on Tuesday. The brokerage set an “outperform” rating and a $130.00 price target on the stock. Oppenheimer’s price target would suggest a potential upside of 15.17% from the company’s previous close.
A number of other research firms have also commented on DLTR. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $132.00 price objective (up from $122.00) on shares of Dollar Tree in a research note on Tuesday. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 target price on the stock in a research report on Tuesday. Guggenheim started coverage on shares of Dollar Tree in a research report on Wednesday, January 10th. They set a “buy” rating and a $125.00 target price on the stock. Raymond James Financial set a $124.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a research report on Thursday, December 7th. Finally, BidaskClub downgraded shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Eleven analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Dollar Tree currently has an average rating of “Buy” and an average price target of $105.04.
Dollar Tree (DLTR) traded down $1.96 during trading hours on Tuesday, hitting $112.88. 2,005,428 shares of the stock were exchanged, compared to its average volume of 1,771,700. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $115.89. The company has a market cap of $26,760.00, a price-to-earnings ratio of 26.88, a P/E/G ratio of 1.80 and a beta of 0.63.
In other news, Chairman Bob Sasser sold 64,002 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total value of $6,383,559.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 2,326,702 shares of the company’s stock, valued at approximately $251,632,821.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 293,132 shares of company stock valued at $28,348,680. Company insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 691,393 shares in the last quarter. FMR LLC grew its stake in shares of 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 acquiring an additional 5,724,495 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Dollar Tree by 184,411.9% in the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after acquiring an additional 8,298,537 shares in the last quarter. Maverick Capital Ltd. grew its stake in shares of 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 acquiring an additional 3,777,579 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Dollar Tree by 20.4% in the 2nd quarter. Voya Investment Management LLC now owns 3,470,719 shares of the company’s stock worth $242,673,000 after acquiring an additional 587,409 shares in the last quarter. Hedge funds and other institutional investors own 89.74% of the company’s stock.
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.
