Dollar Tree (DLTR) Price Target Raised to $100.00

Dollar Tree (NASDAQ:DLTR) had its price objective upped by research analysts at Loop Capital from $94.00 to $100.00 in a research report issued to clients and investors on Monday. The firm currently has a “hold” rating on the stock. Loop Capital’s price objective points to a potential downside of 7.08% from the stock’s previous close. The analysts noted that the move was a valuation call.

DLTR has been the topic of several other reports. BidaskClub downgraded shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $138.00 target price (up from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Thursday, January 4th. Royal Bank of Canada set a $92.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group initiated coverage on shares of Dollar Tree in a research note on Tuesday, November 14th. They issued a “buy” rating and a $106.00 target price on the stock. Eleven analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $106.31.

Shares of Dollar Tree (DLTR) traded up $6.04 during midday trading on Monday, hitting $107.62. 4,168,800 shares of the company traded hands, compared to its average volume of 1,920,332. 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 has a 12 month low of $65.63 and a 12 month high of $116.65. The stock has a market capitalization of $25,516.33, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts predict that Dollar Tree will post 4.88 EPS for the current year.

In other Dollar Tree news, CFO Kevin S. Wampler sold 12,559 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $103.89, for a total transaction of $1,304,754.51. Following the transaction, the chief financial officer now directly owns 77,164 shares of the company’s stock, valued at approximately $8,016,567.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas A. Saunders sold 12,440 shares of the company’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 completion of the sale, the director now directly owns 2,326,702 shares in the company, valued at $251,632,821.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,132 shares of company stock worth $14,679,180. Insiders own 2.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Shell Asset Management Co. grew its position in shares of Dollar Tree by 368.4% in the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock worth $4,057,000 after buying an additional 56,906 shares during the period. Korea Investment CORP grew its position in shares of Dollar Tree by 170.4% in the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock worth $4,904,000 after buying an additional 35,600 shares during the period. Wright Investors Service Inc. purchased a new stake in shares of Dollar Tree in the 3rd quarter worth about $501,000. British Airways Pensions Investment Management Ltd purchased a new stake in shares of Dollar Tree in the 3rd quarter worth about $34,022,000. Finally, Asset Management One Co. Ltd. grew its position in shares of Dollar Tree by 4.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 379,137 shares of the company’s stock worth $32,896,000 after buying an additional 15,542 shares during the period. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

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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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