Somewhat Positive Press Coverage Somewhat Unlikely to Affect Dollar Tree (DLTR) Share Price

Media stories about Dollar Tree (NASDAQ:DLTR) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dollar Tree earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the company an impact score of 44.856092255382 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several equities research analysts recently issued reports on DLTR shares. Loop Capital reaffirmed a “buy” rating and set a $88.00 price target on shares of Dollar Tree in a report on Wednesday, September 20th. KeyCorp reaffirmed a “buy” rating and set a $98.00 price target on shares of Dollar Tree in a report on Friday, November 10th. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Wednesday, November 8th. Cleveland Research raised shares of Dollar Tree from a “neutral” rating to a “buy” rating in a report on Wednesday, October 4th. Finally, Royal Bank of Canada set a $92.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a report on Monday, October 30th. Twelve analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $102.72.

Shares of Dollar Tree (NASDAQ:DLTR) traded up $3.49 during midday trading on Friday, hitting $114.84. 2,400,067 shares of the stock were exchanged, compared to its average volume of 2,060,000. The firm has a market cap of $27,230.00, a P/E ratio of 27.34, a P/E/G ratio of 1.80 and a beta of 0.63. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $115.05. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. The firm had revenue of $5.32 billion for 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 revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. sell-side analysts expect that Dollar Tree will post 4.85 earnings per share for the current year.

In other news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total value of $13,669,500.00. Following the transaction, the chairman now owns 1,128,795 shares in the company, valued at approximately $102,867,088.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas A. Saunders sold 33,750 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the transaction, the director now owns 2,332,294 shares in the company, valued at approximately $248,016,143.96. The disclosure for this sale can be found here. Insiders sold a total of 293,132 shares of company stock worth $28,348,680 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Dollar Tree (NASDAQ:DLTR)

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