Dollar Tree (DLTR) Hits New 12-Month High at $106.19

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $106.19 and last traded at $105.97, with a volume of 1430494 shares changing hands. The stock had previously closed at $103.01.

Several analysts have recently issued reports on the stock. BMO Capital Markets restated a “hold” rating and set a $90.00 target price on shares of Dollar Tree in a research report on Thursday, November 2nd. MKM Partners increased their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. Royal Bank Of Canada set a $92.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, KeyCorp reissued a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a research report on Friday, November 10th. Eleven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $99.92.

The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $25,219.96, a P/E ratio of 24.34, a P/E/G ratio of 1.67 and a beta of 0.64.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion for 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 company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. research analysts forecast that Dollar Tree, Inc. will post 4.84 earnings per share for the current fiscal year.

In other news, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction that occurred 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 $2,917,954. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas A. Saunders sold 33,750 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the transaction, the director now owns 2,332,294 shares in the company, valued at $248,016,143.96. The disclosure for this sale can be found here. Insiders sold a total of 382,141 shares of company stock worth $36,142,631 over the last 90 days. Insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its holdings in shares of Dollar Tree by 184,411.9% in the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after buying an additional 8,298,537 shares during the last quarter. FMR LLC raised its holdings in shares of Dollar Tree by 49.4% in the second 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. Maverick Capital Ltd. raised its holdings in shares of Dollar Tree by 86.7% in the second 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. BlackRock Inc. raised its holdings in shares of Dollar Tree by 10.3% in the second 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. Finally, DSM Capital Partners LLC raised its holdings in shares of Dollar Tree by 1,443,950.0% in the third quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock worth $105,314,000 after buying an additional 1,212,918 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

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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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