Dollar Tree (DLTR) Coverage Initiated at Guggenheim

Guggenheim assumed coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note published on Wednesday, January 10th, MarketBeat reports. The firm issued a buy rating and a $125.00 target price on the stock.

Several other analysts have also recently commented on the company. Zacks Investment Research cut Dollar Tree from a buy rating to a hold rating in a report on Wednesday, January 10th. BidaskClub cut Dollar Tree from a strong-buy rating to a buy rating in a report on Thursday, December 14th. Raymond James Financial set a $124.00 price target on Dollar Tree and gave the company a buy rating in a report on Thursday, December 7th. Moffett Nathanson assumed coverage on Dollar Tree in a report on Monday, December 4th. They issued a buy rating for the company. Finally, BMO Capital Markets set a $115.00 price target on Dollar Tree and gave the company a hold rating in a report on Saturday, November 25th. Eleven 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 stock. Dollar Tree has an average rating of Buy and a consensus target price of $105.04.

Dollar Tree (NASDAQ:DLTR) traded down $0.08 during trading on Wednesday, reaching $112.80. The company had a trading volume of 2,230,787 shares, compared to its average volume of 1,980,000. The stock has a market cap of $26,740.00, a PE ratio of 26.86, a PEG ratio of 1.76 and a beta of 0.63. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $115.89. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. equities research analysts predict that Dollar Tree will post 4.96 EPS for the current fiscal 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 stock was sold at an average price of $91.13, for a total value of $13,669,500.00. Following the completion of the sale, the chairman now directly owns 1,128,795 shares in the company, valued at approximately $102,867,088.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bob Sasser sold 64,002 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total value of $6,383,559.48. The disclosure for this sale can be found here. Insiders sold a total of 293,132 shares of company stock valued at $28,348,680 over the last quarter. Company insiders own 2.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Dollar Tree by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the last quarter. FMR LLC grew its stake in Dollar Tree by 49.4% during the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the last quarter. BlackRock Inc. grew its stake in Dollar Tree by 10.3% during the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the last quarter. Macquarie Group Ltd. grew its stake in Dollar Tree by 184,411.9% during the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after buying an additional 8,298,537 shares during the last quarter. Finally, Maverick Capital Ltd. grew its stake in Dollar Tree by 86.7% during the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the last quarter. Hedge funds and other institutional investors own 89.74% 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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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