DLTR has been the topic of a number of other research reports. BidaskClub cut Dollar Tree from a strong-buy rating to a buy rating in a research report on Thursday, December 14th. Wells Fargo & Co restated an outperform rating and issued a $138.00 price target (up previously from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded Dollar Tree from a hold rating to a buy rating and set a $121.00 price target on the stock in a research report on Thursday, January 4th. Jefferies Group restated a neutral rating on shares of Dollar Tree in a research report on Wednesday. Finally, Goldman Sachs Group started coverage on Dollar Tree in a research report on Tuesday, November 14th. They issued a buy rating and a $106.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Dollar Tree currently has a consensus rating of Buy and an average price target of $105.38.
Shares of Dollar Tree (DLTR) traded up $1.38 during midday trading on Thursday, hitting $92.70. The company had a trading volume of 4,428,025 shares, compared to its average volume of 4,126,790. The company has a quick ratio of 0.28, a current ratio of 1.60 and a debt-to-equity ratio of 0.66. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $116.65. The company has a market capitalization of $21,978.80, a PE ratio of 12.86, a P/E/G ratio of 1.17 and a beta of 0.80.
In other news, Director Conrad M. Hall purchased 10,000 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were purchased at an average cost of $91.83 per share, with a total value of $918,300.00. Following the completion of the purchase, the director now owns 799 shares of the company’s stock, valued at approximately $73,372.17. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in DLTR. Macquarie Group Ltd. boosted its stake in shares of Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after purchasing an additional 8,298,537 shares in the last quarter. DSM Capital Partners LLC boosted its stake in shares of Dollar Tree by 1,443,950.0% during the third quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock valued at $105,314,000 after purchasing an additional 1,212,918 shares in the last quarter. Mar Vista Investment Partners LLC acquired a new stake in shares of Dollar Tree during the third quarter valued at about $100,828,000. Russell Investments Group Ltd. boosted its stake in shares of Dollar Tree by 78.9% during the third quarter. Russell Investments Group Ltd. now owns 1,876,816 shares of the company’s stock valued at $162,931,000 after purchasing an additional 827,665 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Dollar Tree by 2,567.0% during the fourth quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock valued at $63,911,000 after purchasing an additional 573,238 shares in the last quarter. 90.22% of the stock is currently owned by hedge funds and other institutional investors.
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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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