Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a research report sent to investors on Saturday.

Other equities analysts also recently issued reports about the stock. Loop Capital reissued a buy rating and issued a $86.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. BTIG Research reissued a buy rating and issued a $98.00 price target on shares of Dollar Tree in a report on Wednesday. BMO Capital Markets set a $88.00 price objective on Dollar Tree and gave the company a hold rating in a research note on Friday, May 26th. BidaskClub upgraded Dollar Tree from a hold rating to a buy rating in a research note on Tuesday, August 8th. Finally, Buckingham Research restated a buy rating and issued a $87.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $87.38.

Shares of Dollar Tree (NASDAQ:DLTR) traded up 2.41% on Friday, reaching $80.39. 4,449,475 shares of the company traded hands. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 20.57 and a beta of 0.68. The stock has a 50 day moving average of $72.34 and a 200 day moving average of $75.66. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $91.41.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. On average, analysts expect that Dollar Tree will post $4.57 earnings per share for the current year.

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In related news, Director Lemuel E. Lewis acquired 1,900 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average cost of $66.70 per share, for a total transaction of $126,730.00. Following the completion of the transaction, the director now owns 16,404 shares in the company, valued at $1,094,146.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lemuel E. Lewis acquired 3,475 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was bought at an average price of $71.45 per share, for a total transaction of $248,288.75. Following the completion of the transaction, the director now owns 12,744 shares of the company’s stock, valued at approximately $910,558.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 10,375 shares of company stock worth $705,819. 4.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 position 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 position 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 position 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, Maverick Capital Ltd. boosted its position in Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after buying an additional 3,777,579 shares during the period. Institutional investors own 91.56% 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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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