Dollar Tree, Inc. (NASDAQ:DLTR) has been given a $90.00 price objective by stock analysts at BMO Capital Markets in a report released on Friday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 11.95% from the company’s current price.

Several other brokerages have also weighed in on DLTR. Gordon Haskett assumed coverage on Dollar Tree in a research report on Tuesday, May 9th. They issued a “buy” rating and a $98.00 target price on the stock. BTIG Research reaffirmed a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a research report on Monday, May 22nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $98.00 target price (up from $95.00) on shares of Dollar Tree in a research report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $84.00 target price (up from $82.00) on shares of Dollar Tree in a research report on Friday. Finally, Raymond James Financial, Inc. raised Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $87.38.

Shares of Dollar Tree (NASDAQ:DLTR) opened at 80.39 on Friday. The company’s 50-day moving average is $72.34 and its 200-day moving average is $75.66. The stock has a market capitalization of $19.04 billion, a P/E ratio of 20.57 and a beta of 0.68. Dollar Tree has a one year low of $65.63 and a one year high of $91.41.

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

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In related news, Director Thomas A. Saunders sold 7,444 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $68.79, for a total value of $512,072.76. Following the completion of the transaction, the director now owns 2,390,881 shares in the company, valued at approximately $164,468,703.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $939,125.00. Following the completion of the transaction, the director now owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. Insiders purchased a total of 10,375 shares of company stock valued at $705,819 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC raised its position in Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares during the period. Sun Life Financial INC raised its position in Dollar Tree by 17,100.0% in the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after buying an additional 1,710 shares during the period. Independent Portfolio Consultants Inc. raised its position in Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the period. FNY Managed Accounts LLC bought a new position in Dollar Tree during the first quarter worth $124,000. Finally, Citizens Financial Group Inc. RI raised its position in Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 91.56% 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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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