Several other equities research analysts have also recently issued reports on the stock. Credit Suisse Group reiterated an equal weight rating on shares of Dollar Tree in a research report on Monday, December 3rd. Raymond James set a $95.00 price objective on shares of Dollar Tree and gave the company a buy rating in a research report on Sunday, December 2nd. Morgan Stanley reiterated a hold rating on shares of Dollar Tree in a research report on Sunday, December 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Dollar Tree to $90.00 in a research report on Sunday, December 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Dollar Tree from $94.00 to $98.00 and gave the stock an outperform rating in a research report on Friday, November 30th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the company. Dollar Tree presently has a consensus rating of Hold and an average price target of $101.64.
Dollar Tree stock opened at $83.39 on Tuesday. The company has a market cap of $20.52 billion, a PE ratio of 17.16, a P/E/G ratio of 1.15 and a beta of 0.65. The company has a current ratio of 2.22, a quick ratio of 0.48 and a debt-to-equity ratio of 0.63. Dollar Tree has a 1 year low of $78.78 and a 1 year high of $116.65.
In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,210 shares of Dollar Tree stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average price of $82.75 per share, for a total transaction of $100,127.50. Following the completion of the transaction, the director now owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in DLTR. Price Capital Management Inc. bought a new position in Dollar Tree during the third quarter valued at $106,000. SRS Capital Advisors Inc. boosted its stake in shares of Dollar Tree by 252.9% during the third quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock valued at $115,000 after purchasing an additional 1,009 shares during the period. Signet Financial Management LLC purchased a new stake in shares of Dollar Tree during the second quarter valued at $121,000. Stelac Advisory Services LLC purchased a new stake in shares of Dollar Tree during the third quarter valued at $121,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of Dollar Tree during the third quarter valued at $147,000. Institutional investors own 92.14% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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