Atlantic Securities lowered shares of Dollar Tree Inc. (NASDAQ:DLTR) from a neutral rating to an underweight rating in a report issued on Tuesday. They currently have $68.00 price objective on the stock, down from their prior price objective of $87.00.
Other equities research analysts have also issued research reports about the stock. MKM Partners restated a buy rating and issued a $104.00 target price (up previously from $80.00) on shares of Dollar Tree in a report on Tuesday, August 23rd. Deutsche Bank AG upgraded shares of Dollar Tree from a hold rating to a buy rating and lifted their price objective for the company from $82.00 to $110.00 in a report on Monday, August 1st. Zacks Investment Research upgraded shares of Dollar Tree from a hold rating to a buy rating and set a $106.00 price objective for the company in a report on Monday, July 11th. Goldman Sachs Group Inc. reiterated a buy rating on shares of Dollar Tree in a report on Wednesday, July 6th. Finally, Buckingham Research reiterated a buy rating and set a $106.00 price objective on shares of Dollar Tree in a report on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. Dollar Tree presently has a consensus rating of Buy and a consensus target price of $92.36.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 77.36 on Tuesday. The company has a market capitalization of $18.24 billion, a P/E ratio of 25.67 and a beta of 0.43. Dollar Tree has a 1-year low of $60.31 and a 1-year high of $99.93. The firm has a 50-day moving average of $85.76 and a 200 day moving average of $86.73.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The firm earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. Dollar Tree’s revenue was up 66.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. On average, analysts anticipate that Dollar Tree will post $3.81 EPS for the current year.
In other news, Director Thomas A. Saunders sold 5,000 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $95.50, for a total transaction of $477,500.00. Following the completion of the sale, the director now directly owns 2,310,387 shares of the company’s stock, valued at $220,641,958.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lemuel E. Lewis bought 1,470 shares of Dollar Tree stock in a transaction dated Tuesday, August 30th. The shares were bought at an average cost of $85.00 per share, with a total value of $124,950.00. Following the completion of the acquisition, the director now owns 9,469 shares of the company’s stock, valued at $804,865. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its stake in shares of Dollar Tree by 1.2% in the first quarter. Legal & General Group Plc now owns 926,139 shares of the company’s stock valued at $76,364,000 after buying an additional 11,054 shares in the last quarter. Grand Jean Capital Management Inc. acquired a new stake in shares of Dollar Tree during the first quarter valued at about $9,270,000. Banbury Partners LLC increased its stake in shares of Dollar Tree by 12.1% in the first quarter. Banbury Partners LLC now owns 286,137 shares of the company’s stock valued at $23,595,000 after buying an additional 30,937 shares in the last quarter. Eagle Asset Management Inc. increased its stake in shares of Dollar Tree by 13.7% in the second quarter. Eagle Asset Management Inc. now owns 179,582 shares of the company’s stock valued at $16,923,000 after buying an additional 21,648 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Dollar Tree by 4.9% in the second quarter. Ameriprise Financial Inc. now owns 511,774 shares of the company’s stock valued at $48,070,000 after buying an additional 24,085 shares in the last quarter. 94.37% of the stock is owned by institutional investors and hedge funds.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
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