Dollar Tree (DLTR) Receiving Somewhat Favorable Media Coverage, Study Shows
Media coverage about Dollar Tree (NASDAQ:DLTR) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dollar Tree earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.5366940164416 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Dollar Tree (DLTR) PT Raised to $100.00 (americanbankingnews.com)
- Don’t Be Fooled By Dollar Tree’s Revenue Growth (seekingalpha.com)
- The Simple Reason Dollar Tree Inc. Stock Is Up Today (finance.yahoo.com)
- 1 Low-Rewarding Stock to Observe: Dollar Tree, Inc. (DLTR) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Analysts Expect Dollar Tree, Inc. (DLTR) Will Post Quarterly Sales of $6.39 Billion (americanbankingnews.com)
Shares of Dollar Tree (DLTR) traded down $2.88 during trading hours on Monday, reaching $104.74. The company’s stock had a trading volume of 5,204,155 shares, compared to its average volume of 2,093,492. The stock has a market capitalization of $25,516.33, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $116.65. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91.
A number of research analysts have recently commented on DLTR shares. Royal Bank of Canada set a $92.00 target price on Dollar Tree and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research cut Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group restated a “hold” rating and issued a $85.00 target price on shares of Dollar Tree in a research note on Tuesday, October 31st. BMO Capital Markets restated a “hold” rating and issued a $90.00 target price on shares of Dollar Tree in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $118.00 target price on shares of Dollar Tree in a research note on Friday, November 3rd. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $106.31.
In other Dollar Tree news, 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 completion of the sale, the director now owns 2,326,702 shares of the company’s stock, valued at approximately $251,632,821.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin S. Wampler sold 12,559 shares of Dollar Tree stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $103.89, for a total value of $1,304,754.51. Following the completion of the sale, the chief financial officer now directly owns 77,164 shares of the company’s stock, valued at approximately $8,016,567.96. The disclosure for this sale can be found here. Insiders have sold 143,132 shares of company stock valued at $14,679,180 in the last quarter. 2.90% of the stock is owned by company insiders.
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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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