Dollar Tree (DLTR) Earning Somewhat Positive Media Coverage, Analysis Shows
Media stories about Dollar Tree (NASDAQ:DLTR) have trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dollar Tree earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.7130836671518 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Dollar Tree reports Q3 numbers November 21 (nasdaq.com)
- Goldman Sachs: Dollar Tree Is the ‘Top Pick’ in Food Retail (finance.yahoo.com)
- Will Comps Growth Aid Dollar Tree's (DLTR) Q3 Earnings? (finance.yahoo.com)
- RH Stock Jumps in After-Hours Trading on Upbeat Guidance (finance.yahoo.com)
- Notable Stocks in Queue: Dollar Tree, Inc., (NASDAQ: DLTR), Energous Corporation, (NASDAQ: WATT), Teck … – Stocks In The News (press release) (tradingnewsnow.com)
Dollar Tree (DLTR) traded down $0.02 during midday trading on Friday, hitting $94.61. The company had a trading volume of 1,930,564 shares, compared to its average volume of 1,889,038. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 1.83. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $95.64. The firm has a market cap of $22,407.88, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $5.24 billion. During the same period in the prior year, the firm earned $0.72 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. sell-side analysts predict that Dollar Tree will post 4.66 earnings per share for the current year.
A number of analysts recently issued reports on DLTR shares. Zacks Investment Research upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Buckingham Research reiterated a “buy” rating and issued a $87.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. Loop Capital restated a “buy” rating and set a $86.00 target price on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a report on Tuesday, August 22nd. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $93.00.
In other Dollar Tree news, insider David A. Jacobs sold 5,596 shares of the stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $88.25, for a total transaction of $493,847.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Macon F. Brock, Jr. sold 63,000 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $91.04, for a total value of $5,735,520.00. The disclosure for this sale can be found here. Insiders have sold a total of 251,449 shares of company stock worth $22,808,837 over the last ninety days. 2.90% of the stock is owned by insiders.
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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