Wells Fargo & Co reaffirmed their outperform rating on shares of Dollar Tree (NASDAQ:DLTR) in a research note published on Tuesday morning, Marketbeat reports. Wells Fargo & Co currently has a $138.00 price target on the stock, up from their previous price target of $132.00.

Several other analysts also recently issued reports on DLTR. Oppenheimer began coverage on shares of Dollar Tree in a research report on Tuesday, January 16th. They issued an outperform rating and a $130.00 price target for the company. Zacks Investment Research raised shares of Dollar Tree from a hold rating to a strong-buy rating and set a $128.00 price target for the company in a research report on Tuesday, January 16th. Guggenheim began coverage on shares of Dollar Tree in a research report on Wednesday, January 10th. They issued a buy rating and a $125.00 price target for the company. BidaskClub downgraded shares of Dollar Tree from a strong-buy rating to a buy rating in a research report on Thursday, December 14th. Finally, Raymond James Financial set a $124.00 price target on shares of Dollar Tree and gave the company a buy rating in a research report on Thursday, December 7th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Dollar Tree currently has an average rating of Buy and an average target price of $105.27.

Shares of Dollar Tree (NASDAQ:DLTR) traded down $0.32 during mid-day trading on Tuesday, hitting $114.70. 2,060,100 shares of the stock traded hands, compared to its average volume of 1,818,953. The firm has a market cap of $27,360.00, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.89 and a beta of 0.63. Dollar Tree has a one year low of $65.63 and a one year high of $116.28. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. equities analysts expect that Dollar Tree will post 4.87 EPS for the current year.

In other news, COO Michael A. Witynski sold 4,644 shares of Dollar Tree stock in a transaction on Friday, December 1st. The stock was sold at an average price of $102.04, for a total transaction of $473,873.76. Following the sale, the chief operating officer now directly owns 12,381 shares in the company, valued at approximately $1,263,357.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Saunders sold 12,440 shares of Dollar Tree stock in a transaction on Friday, December 8th. The stock was sold at an average price of $108.15, for a total value of $1,345,386.00. Following the sale, the director now owns 2,326,702 shares in the company, valued at $251,632,821.30. The disclosure for this sale can be found here. Insiders have sold a total of 293,132 shares of company stock worth $28,348,680 over the last quarter. Company insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its stake in shares of Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after purchasing an additional 12 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of Dollar Tree by 2.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after purchasing an additional 36 shares during the period. Atlantic Trust LLC raised its stake in shares of Dollar Tree by 2.9% during the 2nd quarter. Atlantic Trust LLC now owns 5,425 shares of the company’s stock worth $379,000 after purchasing an additional 155 shares during the period. Zacks Investment Management raised its stake in shares of Dollar Tree by 3.3% during the 2nd quarter. Zacks Investment Management now owns 7,210 shares of the company’s stock worth $504,000 after purchasing an additional 233 shares during the period. Finally, First Allied Advisory Services Inc. raised its stake in shares of Dollar Tree by 8.9% during the 2nd quarter. First Allied Advisory Services Inc. now owns 3,430 shares of the company’s stock worth $237,000 after purchasing an additional 280 shares during the period. Institutional investors own 89.46% of the company’s stock.

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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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