Dollar Tree (NASDAQ:DLTR) has been given a $120.00 price target by equities researchers at UBS Group in a note issued to investors on Friday, TipRanks reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 4.12% from the stock’s current price.
A number of other analysts have also recently issued reports on the company. TheStreet cut Dollar Tree from a “b-” rating to a “c+” rating in a research report on Wednesday, July 31st. OTR Global raised Dollar Tree from a “mixed” rating to a “positive” rating in a research report on Friday, August 23rd. ValuEngine lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank lowered Dollar Tree from a “buy” rating to a “hold” rating and cut their target price for the company from $106.00 to $99.00 in a report on Monday, August 5th. Finally, Citigroup set a $120.00 target price on Dollar Tree and gave the company a “hold” rating in a report on Friday, September 27th. Eleven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $108.93.
DLTR traded up $0.06 during trading on Friday, reaching $115.25. 96,276 shares of the stock traded hands, compared to its average volume of 1,792,186. The stock has a market cap of $26.95 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.74 and a beta of 0.57. Dollar Tree has a fifty-two week low of $79.66 and a fifty-two week high of $116.59. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.21. The stock’s 50-day simple moving average is $108.59 and its two-hundred day simple moving average is $105.37.
In other news, Director Thomas A. Saunders sold 1,000 shares of Dollar Tree stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $116.20, for a total value of $116,200.00. Following the transaction, the director now directly owns 2,380,145 shares in the company, valued at $276,572,849. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Maxwell sold 2,800 shares of Dollar Tree stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $107.15, for a total value of $300,020.00. Following the completion of the transaction, the insider now owns 7,254 shares in the company, valued at $777,266.10. The disclosure for this sale can be found here. Insiders sold 81,519 shares of company stock worth $9,408,464 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Dollar Tree by 4.7% during the second quarter. Vanguard Group Inc. now owns 25,251,187 shares of the company’s stock valued at $2,711,724,000 after acquiring an additional 1,124,357 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Dollar Tree by 15.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 20,778,093 shares of the company’s stock valued at $2,231,360,000 after acquiring an additional 2,816,679 shares during the period. BlackRock Inc. increased its stake in Dollar Tree by 6.5% during the second quarter. BlackRock Inc. now owns 20,601,534 shares of the company’s stock valued at $2,212,401,000 after acquiring an additional 1,260,064 shares during the period. Northern Trust Corp increased its stake in Dollar Tree by 2.5% during the second quarter. Northern Trust Corp now owns 2,999,892 shares of the company’s stock valued at $322,158,000 after acquiring an additional 73,236 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Dollar Tree by 5.8% during the second quarter. Wells Fargo & Company MN now owns 2,287,155 shares of the company’s stock valued at $245,618,000 after acquiring an additional 124,572 shares during the period. Institutional investors and hedge funds own 94.06% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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