Piper Jaffray Companies restated their hold rating on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a research note published on Tuesday morning. The firm currently has a $85.00 target price on the stock.
DLTR has been the subject of several other research reports. Deutsche Bank AG reissued a buy rating and issued a $95.00 price target on shares of Dollar Tree in a report on Tuesday, July 4th. Citigroup Inc. reissued a neutral rating and issued a $86.00 price target (up previously from $85.00) on shares of Dollar Tree in a report on Sunday, June 11th. Loop Capital reissued a buy rating and issued a $86.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. BMO Capital Markets set a $88.00 price target on Dollar Tree and gave the stock a hold rating in a report on Friday, May 26th. Finally, BidaskClub raised Dollar Tree from a sell rating to a hold rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. Dollar Tree has an average rating of Hold and an average target price of $87.29.
Dollar Tree (DLTR) opened at 80.39 on Tuesday. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $91.41. The firm has a market cap of $19.03 billion, a P/E ratio of 22.02 and a beta of 0.68. The firm’s 50-day moving average is $72.34 and its 200 day moving average is $75.66.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. Equities analysts forecast that Dollar Tree will post $4.57 earnings per share for the current year.
In related news, Director Conrad M. Hall purchased 5,000 shares of Dollar Tree stock in a transaction that occurred on Monday, July 10th. The stock was bought at an average cost of $66.16 per share, for a total transaction of $330,800.00. Following the completion of the transaction, the director now owns 63,299 shares in the company, valued at $4,187,861.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lemuel E. Lewis purchased 3,475 shares of Dollar Tree stock in a transaction that occurred on Friday, June 16th. The shares were bought at an average price of $71.45 per share, with a total value of $248,288.75. Following the completion of the transaction, the director now owns 12,744 shares of the company’s stock, valued at approximately $910,558.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 10,375 shares of company stock valued at $705,819. 4.10% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of DLTR. Omega Advisors Inc. acquired a new stake in Dollar Tree during the first quarter worth approximately $5,885,000. Achmea Investment Management B.V. acquired a new stake in Dollar Tree during the first quarter worth approximately $448,000. Ironwood Investment Management LLC boosted its stake in Dollar Tree by 41.5% in the first quarter. Ironwood Investment Management LLC now owns 4,437 shares of the company’s stock worth $348,000 after buying an additional 1,302 shares during the period. State Treasurer State of Michigan boosted its stake in Dollar Tree by 0.4% in the second quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock worth $5,440,000 after buying an additional 300 shares during the period. Finally, Sawtooth Solutions LLC boosted its stake in Dollar Tree by 115.6% in the first quarter. Sawtooth Solutions LLC now owns 13,932 shares of the company’s stock worth $1,093,000 after buying an additional 7,470 shares during the period. Institutional investors and hedge funds own 91.56% 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.
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