Guggenheim Begins Coverage on Dollar Tree (DLTR)

Equities research analysts at Guggenheim started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.

A number of other analysts also recently issued reports on DLTR. Loop Capital restated a “buy” rating and set a $88.00 price objective on shares of Dollar Tree in a report on Wednesday, September 20th. Piper Jaffray Companies restated a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a report on Friday, September 29th. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Wednesday, October 11th. Finally, Royal Bank of Canada set a $92.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a report on Monday, October 30th. Twelve analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Dollar Tree presently has a consensus rating of “Buy” and a consensus price target of $101.79.

Dollar Tree (NASDAQ:DLTR) traded down $0.06 during midday trading on Wednesday, reaching $109.63. 1,048,811 shares of the company were exchanged, compared to its average volume of 1,606,843. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $111.63. 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 stock has a market capitalization of $25,950.00, a P/E ratio of 26.10, a PEG ratio of 1.74 and a beta of 0.63.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. research analysts predict that Dollar Tree will post 4.85 earnings per share for the current fiscal year.

In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Macon F. Brock, Jr. sold 63,000 shares of Dollar Tree stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $91.04, for a total transaction of $5,735,520.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 357,619 shares of company stock valued at $34,220,260. 2.90% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlueMountain Capital Management LLC lifted its holdings in shares of Dollar Tree by 119.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after acquiring an additional 825 shares during the last quarter. Sun Life Financial INC lifted its holdings in shares of Dollar Tree by 17,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after acquiring an additional 1,710 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of 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. Advisory Services Network LLC lifted its holdings in shares of Dollar Tree by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after acquiring an additional 12 shares during the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $150,000. Hedge funds and other institutional investors own 89.73% 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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