Dollar Tree, Inc. (DLTR) Upgraded to “Buy” at BidaskClub
BidaskClub upgraded shares of Dollar Tree, Inc. (NASDAQ:DLTR) from a hold rating to a buy rating in a report published on Tuesday.
Other analysts also recently issued research reports about the stock. BMO Capital Markets set a $88.00 price target on shares of Dollar Tree and gave the stock a hold rating in a report on Friday, May 26th. Loop Capital reaffirmed a hold rating and set a $80.00 price target on shares of Dollar Tree in a report on Friday, June 23rd. Sanford C. Bernstein reiterated an underperform rating and set a $65.00 price objective on shares of Dollar Tree in a research report on Friday, June 30th. Deutsche Bank AG upped their price objective on shares of Dollar Tree from $95.00 to $96.00 and gave the stock a buy rating in a research report on Thursday, May 25th. Finally, Bank of America Corporation reiterated a buy rating and set a $95.00 price objective (down from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $86.91.
Shares of Dollar Tree (NASDAQ DLTR) traded up 0.57% during mid-day trading on Tuesday, hitting $73.50. 1,789,553 shares of the company were exchanged. The company’s 50-day moving average price is $70.59 and its 200-day moving average price is $75.72. The firm has a market capitalization of $17.40 billion, a P/E ratio of 20.14 and a beta of 0.68. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $96.95.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts predict that Dollar Tree will post $4.48 earnings per share for the current fiscal year.
In other news, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the completion of the sale, the director now directly owns 2,390,881 shares in the company, valued at $164,373,068.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lemuel E. Lewis acquired 1,900 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were purchased at an average price of $66.70 per share, with a total value of $126,730.00. Following the completion of the transaction, the director now owns 16,404 shares of the company’s stock, valued at $1,094,146.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 10,375 shares of company stock valued at $705,819. 4.10% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of DLTR. Vanguard Group Inc. boosted its stake in Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock valued at $1,563,349,000 after buying an additional 691,393 shares during the period. FMR LLC boosted its stake in Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after buying an additional 5,724,495 shares during the period. BlackRock Inc. boosted its stake in Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after buying an additional 1,479,936 shares during the period. State Street Corp boosted its stake in Dollar Tree by 2.5% in the first quarter. State Street Corp now owns 9,886,212 shares of the company’s stock valued at $775,667,000 after buying an additional 239,221 shares during the period. Finally, Standard Life Investments LTD boosted its stake in Dollar Tree by 13.9% in the second quarter. Standard Life Investments LTD now owns 5,085,240 shares of the company’s stock valued at $355,610,000 after buying an additional 621,164 shares during the period. Institutional investors own 91.71% 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.
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