Vetr downgraded shares of Dollar Tree Inc. (NASDAQ:DLTR) from a buy rating to a sell rating in a research report report published on Monday morning. The brokerage currently has $74.00 target price on the stock.
Several other equities research analysts have also recently issued reports on DLTR. Citigroup Inc. reaffirmed a neutral rating and issued a $100.00 target price (up from $84.00) on shares of Dollar Tree in a report on Monday, June 6th. Buckingham Research reaffirmed a buy rating and issued a $106.00 target price on shares of Dollar Tree in a report on Wednesday, July 6th. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Dollar Tree in a report on Wednesday, July 6th. Zacks Investment Research raised Dollar Tree from a hold rating to a buy rating and set a $106.00 target price on the stock in a report on Monday, July 11th. Finally, Deutsche Bank AG raised Dollar Tree from a hold rating to a buy rating and boosted their price objective for the stock from $82.00 to $110.00 in a research note on Monday, August 1st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Dollar Tree currently has an average rating of Hold and a consensus target price of $91.77.
Dollar Tree (NASDAQ:DLTR) opened at 75.12 on Monday. The stock has a 50 day moving average price of $83.61 and a 200 day moving average price of $86.68. Dollar Tree has a 12 month low of $60.31 and a 12 month high of $99.93. The company has a market cap of $17.71 billion, a price-to-earnings ratio of 24.92 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last issued 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. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The firm earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period last year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up 66.0% compared to the same quarter last year. Analysts anticipate that Dollar Tree will post $3.81 earnings per share for the current fiscal year.
In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,560 shares of Dollar Tree stock in a transaction dated Tuesday, September 13th. The shares were acquired at an average cost of $80.00 per share, with a total value of $124,800.00. Following the completion of the transaction, the director now owns 11,029 shares in the company, valued at approximately $882,320. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Barry W. Sullivan sold 2,449 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total value of $203,781.29. Following the transaction, the insider now directly owns 8,904 shares in the company, valued at $740,901.84. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.
Several institutional investors have recently modified their holdings of DLTR. Legal & General Group Plc increased its position 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 worth $76,364,000 after buying an additional 11,054 shares during the last quarter. Standard Life Investments LTD increased its position in shares of Dollar Tree by 38.5% in the second quarter. Standard Life Investments LTD now owns 2,797,544 shares of the company’s stock worth $263,654,000 after buying an additional 777,451 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of Dollar Tree during the second quarter worth about $28,225,000. Grand Jean Capital Management Inc. acquired a new position in shares of Dollar Tree during the first quarter worth about $9,270,000. Finally, Retirement Systems of Alabama increased its position in shares of Dollar Tree by 1.8% in the second quarter. Retirement Systems of Alabama now owns 120,093 shares of the company’s stock worth $11,318,000 after buying an additional 2,111 shares during the last quarter. 94.37% of the stock is currently owned by institutional investors and hedge funds.
About Dollar Tree
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.
To view Vetr’s full report, visit Vetr’s official website.
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