Dollar Tree, Inc. (NASDAQ:DLTR)‘s stock had its “buy” rating restated by stock analysts at J P Morgan Chase & Co in a note issued to investors on Friday. They presently have a $118.00 price objective on the stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 27.50% from the company’s current price.
A number of other analysts have also recently commented on the stock. BMO Capital Markets restated a “hold” rating and set a $90.00 price target on shares of Dollar Tree in a research note on Thursday. Jefferies Group LLC restated a “hold” rating and set a $85.00 price target on shares of Dollar Tree in a research note on Tuesday. Zacks Investment Research cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada set a $92.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a research note on Monday. Finally, Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price target on the stock. in a research note on Friday, October 13th. Twelve equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $91.91.
Shares of Dollar Tree (NASDAQ:DLTR) traded up $1.30 during mid-day trading on Friday, hitting $92.55. 2,191,986 shares of the company were exchanged, compared to its average volume of 1,872,786. The company has a market cap of $21.92 billion, a PE ratio of 22.19 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. Dollar Tree’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. equities research analysts predict that Dollar Tree will post 4.66 earnings per share for the current year.
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In related news, insider William A. Old, Jr. sold 1,487 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,449 shares of company stock worth $22,808,837. 4.10% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC grew its holdings in shares of Dollar Tree by 119.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after purchasing an additional 825 shares during the last quarter. Sun Life Financial INC grew its holdings in shares of Dollar Tree by 17,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after purchasing an additional 1,710 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in shares of Dollar Tree during the 3rd quarter valued at $150,000. Independent Portfolio Consultants Inc. grew its holdings in shares of Dollar Tree by 18.1% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock valued at $130,000 after purchasing an additional 285 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its holdings in Dollar Tree by 2.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after acquiring an additional 36 shares during the last quarter. 90.73% of the stock is currently owned by institutional investors.
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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