Bank of America Corporation assumed coverage on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a research note released on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $91.00 price target on the stock.

Other analysts have also issued research reports about the stock. Loop Capital reissued a buy rating and issued a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. BTIG Research reissued a buy rating and issued a $98.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 23rd. BMO Capital Markets set a $88.00 price objective on shares of Dollar Tree and gave the stock a hold rating in a research report on Friday, May 26th. BidaskClub raised shares of Dollar Tree from a hold rating to a buy rating in a research report on Tuesday, August 8th. Finally, Buckingham Research reissued a buy rating and issued a $87.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $87.38.

Shares of Dollar Tree (DLTR) traded up 0.6065% on Friday, reaching $80.8776. The company’s stock had a trading volume of 160,209 shares. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $91.41. The stock has a market capitalization of $19.16 billion, a PE ratio of 20.6901 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 (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, equities analysts forecast that Dollar Tree will post $4.62 EPS for the current year.

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In related news, Director Lemuel E. Lewis acquired 3,475 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were bought at an average cost of $71.45 per share, with a total value of $248,288.75. Following the completion of the transaction, the director now directly owns 12,744 shares of the company’s stock, valued at $910,558.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lemuel E. Lewis acquired 1,900 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was 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 directly owns 16,404 shares of the company’s stock, valued at $1,094,146.80. The disclosure for this purchase can be found here. Insiders bought 10,375 shares of company stock worth $705,819 over the last three months. Insiders own 2.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Candriam Luxembourg S.C.A. increased its position in Dollar Tree by 39.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 15,674 shares of the company’s stock valued at $1,230,000 after buying an additional 4,445 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Dollar Tree by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,288 shares of the company’s stock valued at $461,000 after buying an additional 250 shares during the period. Waldron LP acquired a new position in Dollar Tree during the first quarter valued at approximately $203,000. Korea Investment CORP increased its position in Dollar Tree by 0.5% in the first quarter. Korea Investment CORP now owns 117,754 shares of the company’s stock valued at $9,239,000 after buying an additional 626 shares during the period. Finally, Independent Portfolio Consultants Inc. increased 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 valued at $124,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 90.82% 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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