Dollar Tree, Inc. (NASDAQ:DLTR)’s share price shot up 5.9% during mid-day trading on Friday . The stock traded as high as $108.91 and last traded at $107.62. 4,168,825 shares changed hands during trading, an increase of 110% from the average session volume of 1,982,335 shares. The stock had previously closed at $101.58.

Several research firms have recently issued reports on DLTR. BMO Capital Markets reaffirmed a “hold” rating and set a $90.00 price target on shares of Dollar Tree in a research note on Thursday, November 2nd. MKM Partners raised their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Royal Bank of Canada set a $92.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, KeyCorp reaffirmed a “buy” rating and set a $98.00 price target on shares of Dollar Tree in a research note on Friday, November 10th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Dollar Tree has a consensus rating of “Buy” and a consensus price target of $105.85.

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. The firm has a market cap of $25,516.27, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.72 earnings per share. sell-side analysts predict that Dollar Tree, Inc. will post 4.88 earnings per share for the current fiscal year.

In other Dollar Tree news, Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $106.34, for a total value of $3,588,975.00. Following the completion of the sale, the director now directly owns 2,332,294 shares in the company, valued at $248,016,143.96. 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 12,440 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $108.15, for a total transaction of $1,345,386.00. Following the completion of the sale, the director now owns 2,326,702 shares of the company’s stock, valued at $251,632,821.30. The disclosure for this sale can be found here. Insiders sold 143,132 shares of company stock valued at $14,679,180 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Large investors have recently bought and sold shares of the business. Exane Derivatives acquired a new stake in Dollar Tree in the fourth quarter worth $104,000. Cerebellum GP LLC acquired a new stake in Dollar Tree in the fourth quarter worth $127,000. FTB Advisors Inc. grew its holdings in Dollar Tree by 249.2% in the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after purchasing an additional 992 shares during the period. First Personal Financial Services acquired a new stake in Dollar Tree in the fourth quarter worth $165,000. Finally, Integrated Investment Consultants LLC acquired a new stake in Dollar Tree in the third quarter worth $150,000. Institutional investors and hedge funds own 88.73% 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.

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