Weekly Analysts’ Ratings Changes for Dollar Tree (DLTR)

Dollar Tree (NASDAQ: DLTR) recently received a number of ratings updates from brokerages and research firms:

  • 8/9/2017 – Dollar Tree had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $86.00 price target on the stock.
  • 8/9/2017 – Dollar Tree had its “buy” rating reaffirmed by analysts at Buckingham Research. They now have a $87.00 price target on the stock.
  • 8/8/2017 – Dollar Tree was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/8/2017 – Dollar Tree was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $85.00 price target on the stock. According to Zacks, “Dollar Tree has outperformed the industry in the last one month. The company has been doing well on the back of its long-term strategies and growth initiatives like store expansion and productivity enhancement, tapping of new markets and adding innovative sales channels to serve its patrons better. Also, the company's idea of increasing consumables mix, rolling out freezers/coolers at stores, along with multi-price point expansion bode well. The company is also on track with Family Dollar's integration, which is expected to generate synergies in the long run. Estimates have been stable ahead of second quarter earnings. However, sales in the company's last reported quarter were somewhat dented by delayed tax refunds and SNAP benefit reductions. Well, Trump’s suggestion of reducing food stamps, and lower SNAP benefits could also hurt future performance. Additionally, management's lowered fiscal 2017 view raises concerns.”
  • 7/31/2017 – Dollar Tree was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/27/2017 – Dollar Tree was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating.
  • 7/4/2017 – Dollar Tree had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $95.00 price target on the stock.
  • 6/30/2017 – Dollar Tree had its “underperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $65.00 price target on the stock.
  • 6/29/2017 – Dollar Tree was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/28/2017 – Dollar Tree was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock, up previously from $80.00.
  • 6/23/2017 – Dollar Tree had its “hold” rating reaffirmed by analysts at Loop Capital. They now have a $80.00 price target on the stock.
  • 6/20/2017 – Dollar Tree was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Dollar Tree, Inc. (NASDAQ DLTR) opened at 73.08 on Friday. The company’s 50-day moving average is $70.43 and its 200-day moving average is $75.73. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $97.39. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 20.02 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, May 25th. The company reported $0.98 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. The business 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 company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. On average, analysts expect that Dollar Tree, Inc. will post $4.48 earnings per share for the current fiscal year.

In other Dollar Tree news, Director Thomas A. Saunders sold 13,660 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the sale, the director now directly owns 2,390,881 shares of the company’s stock, valued at $164,373,068.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Conrad M. Hall acquired 5,000 shares of the company’s stock in a transaction on Monday, July 10th. The shares were acquired at an average cost of $66.16 per share, for a total transaction of $330,800.00. Following the completion of the acquisition, the director now owns 63,299 shares of the company’s stock, valued at $4,187,861.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 10,375 shares of company stock worth $705,819. Insiders own 4.10% of the company’s stock.

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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