Analysts at Wells Fargo & Company assumed coverage on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a report issued on Friday. The brokerage set an “outperform” rating on the stock.
A number of other research firms have also weighed in on DLTR. J P Morgan Chase & Co boosted their target price on Dollar Tree to $118.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank Of Canada set a $92.00 target price on Dollar Tree and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 target price on the stock. in a report on Friday, October 13th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a report on Tuesday. Twelve research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $91.27.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS.
In related news, insider Gary M. Philbin sold 2,795 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the sale, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William A. Old, Jr. sold 1,487 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.50, for a total value of $136,060.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,449 shares of company stock valued at $22,808,837. 4.10% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Dollar Tree by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the last quarter. FMR LLC lifted its position in shares of Dollar Tree by 49.4% during the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the last quarter. BlackRock Inc. lifted its position in shares of Dollar Tree by 10.3% during the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the last quarter. Maverick Capital Ltd. lifted its position in shares of Dollar Tree by 86.7% during the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the last quarter. Finally, Standard Life Investments LTD lifted its position in shares of Dollar Tree by 13.9% during the 2nd quarter. Standard Life Investments LTD now owns 5,085,240 shares of the company’s stock worth $355,610,000 after buying an additional 621,164 shares during the last quarter. Institutional investors and hedge funds own 90.73% of the company’s stock.
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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