Media coverage about Dollar Tree (NASDAQ:DLTR) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dollar Tree earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.528898218509 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Active Stock on Watch: Dollar Tree Inc (DLTR) – Evergreen Caller (evergreencaller.com)
- Dollar Tree, Inc. (NASDAQ:DLTR) Closed 6.6% Above Its 50 Day Average – Modern Readers (modernreaders.com)
- $5.23 Billion in Sales Expected for Dollar Tree, Inc. (NASDAQ:DLTR) This Quarter (americanbankingnews.com)
- Dollar Tree, Inc. (DLTR) Given “Buy” Rating at Loop Capital (americanbankingnews.com)
- Dollar Tree’s (DLTR) “Buy” Rating Reiterated at Buckingham Research (americanbankingnews.com)
Dollar Tree (NASDAQ:DLTR) traded down 2.46% during mid-day trading on Thursday, hitting $73.08. 2,678,990 shares of the stock were exchanged. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $99.93. The company has a market capitalization of $17.30 billion, a PE ratio of 20.02 and a beta of 0.68. The stock’s 50-day moving average is $70.28 and its 200 day moving average is $75.75.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.98. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.29 billion. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. On average, analysts anticipate that Dollar Tree will post $4.48 EPS for the current year.
A number of research analysts recently weighed in on the stock. Loop Capital reaffirmed a “buy” rating and issued a $86.00 target price on shares of Dollar Tree in a research report on Wednesday. Buckingham Research reaffirmed a “buy” rating and issued a $87.00 target price on shares of Dollar Tree in a research report on Wednesday. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday. 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. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 target price on shares of Dollar Tree in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. Dollar Tree has a consensus rating of “Hold” and an average target price of $86.91.
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In related news, Director Thomas A. Saunders sold 13,660 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $68.75, for a total value of $939,125.00. Following the transaction, the director now directly owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lemuel E. Lewis purchased 3,475 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was bought at an average cost of $71.45 per share, for a total transaction of $248,288.75. Following the completion of the acquisition, the director now directly owns 12,744 shares in the company, valued at approximately $910,558.80. The disclosure for this purchase can be found here. Insiders purchased a total of 10,375 shares of company stock worth $705,819 over the last three months. 4.10% of the stock is owned by insiders.
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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