BMO Capital Markets reaffirmed their hold rating on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a research report released on Thursday, November 2nd. The brokerage currently has a $90.00 price target on the stock.
A number of other research analysts also recently weighed in on DLTR. BidaskClub raised shares of Dollar Tree from a hold rating to a buy rating in a research report on Tuesday, August 8th. Loop Capital reaffirmed a buy rating and issued a $86.00 target price on shares of Dollar Tree in a research report on Wednesday, August 9th. Buckingham Research reaffirmed a buy rating and issued a $87.00 target price on shares of Dollar Tree in a research report on Wednesday, August 9th. Piper Jaffray Companies reaffirmed a hold rating and issued a $85.00 target price on shares of Dollar Tree in a research report on Friday, September 29th. Finally, Zacks Investment Research raised shares of Dollar Tree from a hold rating to a buy rating and set a $85.00 target price for the company in a research report on Tuesday, August 8th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $93.00.
Shares of Dollar Tree (NASDAQ DLTR) traded down $0.24 during mid-day trading on Thursday, hitting $93.45. 2,054,600 shares of the stock traded hands, compared to its average volume of 2,728,027. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $95.64. The company has a market capitalization of $22,189.98, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. sell-side analysts predict that Dollar Tree will post 4.66 earnings per share for the current fiscal year.
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In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction dated 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 can be accessed through this link. Also, insider Gary M. Philbin sold 2,795 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the transaction, the insider now directly owns 34,532 shares in the company, valued at $2,917,954. The disclosure for this sale can be found here. Over the last three months, insiders sold 251,449 shares of company stock worth $22,808,837. Insiders own 2.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in DLTR. Macquarie Group Ltd. grew its holdings in shares of Dollar Tree by 184,411.9% during the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after purchasing an additional 8,298,537 shares during the last quarter. FMR LLC grew its holdings in shares of Dollar Tree by 49.4% during the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after purchasing an additional 5,724,495 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of Dollar Tree by 86.7% during the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after purchasing an additional 3,777,579 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Dollar Tree by 10.3% during the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after purchasing an additional 1,479,936 shares during the last quarter. Finally, DSM Capital Partners LLC grew its holdings in shares of Dollar Tree by 1,443,950.0% during the 3rd quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock valued at $105,314,000 after purchasing an additional 1,212,918 shares during the last quarter. 90.68% of the stock is currently owned by institutional investors.
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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