UBS Reaffirms Buy Rating for Dollar Tree (NASDAQ:DLTR)

Dollar Tree (NASDAQ:DLTR)‘s stock had its “buy” rating reaffirmed by UBS in a report released on Tuesday, November 14th, www.benzinga.com reports. They currently have a $106.00 target price on the stock, up from their prior target price of $100.00. UBS’s price objective would suggest a potential upside of 2.90% from the stock’s current price.

A number of other equities research analysts have also commented on DLTR. Zacks Investment Research raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Buckingham Research reaffirmed a “buy” rating and issued a $87.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Loop Capital reaffirmed a “buy” rating and issued a $86.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $85.00 target price on shares of Dollar Tree in a research note on Tuesday, August 22nd. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $99.92.

Dollar Tree (NASDAQ DLTR) traded up $0.25 during trading hours on Tuesday, reaching $103.01. 2,461,850 shares of the company traded hands, compared to its average volume of 2,577,405. The firm has a market cap of $24,423.26, a PE ratio of 23.57, a P/E/G ratio of 1.62 and a beta of 0.63. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $105.14. 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 announced its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. research analysts forecast that Dollar Tree will post 4.84 EPS for the current fiscal year.

In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 150,000 shares of Dollar Tree 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 of the company’s stock, valued at $102,867,088.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.50, for a total transaction of $136,060.50. The disclosure for this sale can be found here. Insiders sold 343,747 shares of company stock worth $32,079,782 over the last quarter. 4.10% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in DLTR. BlueMountain Capital Management LLC boosted its position in shares of Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after acquiring an additional 825 shares during the period. Sun Life Financial INC raised its stake in Dollar Tree by 17,100.0% in the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after purchasing an additional 1,710 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in Dollar Tree by 2.0% in 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. Advisory Services Network LLC raised its stake in Dollar Tree by 0.6% in 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. Finally, Integrated Investment Consultants LLC acquired a new position in Dollar Tree in the third quarter valued at about $150,000. 89.92% of the stock is 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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