Dollar Tree (DLTR) Now Covered by Analysts at Moffett Nathanson

Moffett Nathanson started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note published on Monday. The brokerage issued a buy rating on the stock.

Several other research firms also recently weighed in on DLTR. Zacks Investment Research raised shares of Dollar Tree from a hold rating to a buy rating and set a $88.00 price target for the company in a research note on Monday, August 28th. MKM Partners set a $96.00 price target on shares of Dollar Tree and gave the stock a hold rating in a research note on Monday, November 20th. Loop Capital downgraded shares of Dollar Tree from a buy rating to a hold rating and set a $88.00 price objective for the company. in a research note on Friday, October 13th. Royal Bank Of Canada reaffirmed a top pick rating and set a $111.00 price objective (up from $102.00) on shares of Dollar Tree in a research note on Wednesday, November 22nd. Finally, Buckingham Research reaffirmed a buy rating and set a $87.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Eleven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Dollar Tree presently has a consensus rating of Buy and a consensus price target of $99.92.

Dollar Tree (DLTR) traded up $3.36 during midday trading on Monday, hitting $106.37. 2,678,700 shares of the stock were exchanged, compared to its average volume of 2,754,548. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $107.11. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. The company has a market cap of $24,423.31, a P/E ratio of 23.57, a P/E/G ratio of 1.62 and a beta of 0.64.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. sell-side analysts predict that Dollar Tree will post 4.84 earnings per share for the current fiscal year.

In other Dollar Tree news, Chairman Bob Sasser sold 64,002 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total value of $6,383,559.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of the company’s stock in a transaction dated 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 owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders have sold 382,141 shares of company stock worth $36,142,631 in the last quarter. 2.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in shares of Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Dollar Tree by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock worth $1,229,000 after buying an additional 73 shares in the last quarter. Atlantic Trust LLC lifted its stake in shares of Dollar Tree by 2.9% in the second quarter. Atlantic Trust LLC now owns 5,425 shares of the company’s stock worth $379,000 after buying an additional 155 shares in the last quarter. Finally, Cadence Capital Management LLC lifted its stake in shares of Dollar Tree by 1.4% in the second quarter. Cadence Capital Management LLC now owns 11,639 shares of the company’s stock worth $814,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 89.81% 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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