Dollar Tree (DLTR) Research Coverage Started at Guggenheim

Equities researchers at Guggenheim began coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research report issued on Wednesday. The brokerage set a “buy” rating on the stock.

DLTR has been the subject of several other reports. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Wednesday, October 11th. BidaskClub cut shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Royal Bank of Canada set a $92.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group started coverage on shares of Dollar Tree in a research report on Tuesday, November 14th. They set a “buy” rating and a $106.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $101.79.

Shares of Dollar Tree (DLTR) traded down $0.06 during midday trading on Wednesday, reaching $109.63. 1,048,811 shares of the company’s stock traded hands, compared to its average volume of 1,606,843. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $111.63. The firm has a market cap of $25,950.00, a PE ratio of 26.10, a P/E/G ratio of 1.74 and a beta of 0.63.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue was up 6.3% on a year-over-year basis. analysts expect that Dollar Tree will post 4.85 EPS for the current year.

In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the completion of the transaction, the chairman now directly owns 1,128,795 shares in the company, valued at $102,867,088.35. The disclosure for this sale can be found here. Insiders sold 357,619 shares of company stock worth $34,220,260 over the last ninety days. Insiders own 2.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its position in shares of Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after purchasing an additional 12 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after purchasing an additional 36 shares in the last quarter. Atlantic Trust LLC lifted its position in shares of Dollar Tree by 2.9% during the second quarter. Atlantic Trust LLC now owns 5,425 shares of the company’s stock valued at $379,000 after purchasing an additional 155 shares in the last quarter. Zacks Investment Management lifted its position in shares of Dollar Tree by 3.3% during the second quarter. Zacks Investment Management now owns 7,210 shares of the company’s stock valued at $504,000 after purchasing an additional 233 shares in the last quarter. Finally, First Allied Advisory Services Inc. lifted its position in shares of Dollar Tree by 8.9% during the second quarter. First Allied Advisory Services Inc. now owns 3,430 shares of the company’s stock valued at $237,000 after purchasing an additional 280 shares in the last quarter. 89.73% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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