Telsey Advisory Group restated their outperform rating on shares of Dollar Tree (NASDAQ:DLTR) in a report published on Thursday, MarketBeat.com reports. Telsey Advisory Group currently has a $105.00 target price on the stock, down from their previous target price of $130.00.
Several other research firms have also recently weighed in on DLTR. Bank of America lifted their target price on Dollar Tree from $120.00 to $130.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Wells Fargo & Co reaffirmed an outperform rating and set a $138.00 target price (up previously from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 23rd. Zacks Investment Research raised Dollar Tree from a hold rating to a strong-buy rating and set a $128.00 target price on the stock in a research note on Tuesday, January 16th. Guggenheim reaffirmed a buy rating on shares of Dollar Tree in a research note on Wednesday, January 31st. Finally, Oppenheimer began coverage on Dollar Tree in a research note on Tuesday, January 16th. They set an outperform rating and a $130.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $105.38.
Shares of Dollar Tree (NASDAQ:DLTR) traded up $1.38 on Thursday, reaching $92.70. The company had a trading volume of 4,428,025 shares, compared to its average volume of 4,126,790. The stock has a market cap of $21,978.80, a PE ratio of 12.86, a P/E/G ratio of 1.17 and a beta of 0.80. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $116.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.60 and a quick ratio of 0.28.
In other news, Director Conrad M. Hall purchased 10,000 shares of Dollar Tree stock in a transaction dated Friday, March 9th. The stock was acquired at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the acquisition, the director now directly owns 799 shares in the company, valued at $73,372.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of DLTR. Macquarie Group Ltd. lifted its holdings in Dollar Tree by 184,411.9% in the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after purchasing an additional 8,298,537 shares during the last quarter. DSM Capital Partners LLC lifted its holdings in Dollar Tree by 1,443,950.0% in the 3rd quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock worth $105,314,000 after purchasing an additional 1,212,918 shares during the last quarter. Mar Vista Investment Partners LLC acquired a new stake in Dollar Tree in the 3rd quarter worth approximately $100,828,000. Russell Investments Group Ltd. lifted its holdings in Dollar Tree by 78.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,876,816 shares of the company’s stock worth $162,931,000 after purchasing an additional 827,665 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Dollar Tree by 2,567.0% in the 4th quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock worth $63,911,000 after purchasing an additional 573,238 shares during the last quarter. Hedge funds and other institutional investors own 90.22% of the company’s stock.
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Dollar Tree Company Profile
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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