Dollar Tree (DLTR) Earning Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about Dollar Tree (NASDAQ:DLTR) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dollar Tree earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.2999867176088 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have recently issued reports on the stock. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research note 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 target price on the stock in a research note on Wednesday, October 11th. BidaskClub lowered shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Royal Bank of Canada set a $92.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group assumed coverage on shares of Dollar Tree in a research note on Tuesday, November 14th. They issued a “buy” rating and a $106.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Dollar Tree currently has an average rating of “Buy” and a consensus price target of $105.04.

Shares of Dollar Tree (NASDAQ:DLTR) traded up $0.10 during trading hours on Thursday, hitting $112.90. 1,566,448 shares of the company were exchanged, compared to its average volume of 1,970,000. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. Dollar Tree has a twelve month low of $65.63 and a twelve month high of $115.89. The company has a market cap of $26,770.00, a P/E ratio of 26.88, a PEG ratio of 1.76 and a beta of 0.63.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating 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 in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts expect that Dollar Tree will post 4.87 earnings per share for the current fiscal year.

In other Dollar Tree news, insider Mike R. Matacunas sold 2,975 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $104.82, for a total value of $311,839.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the completion of the transaction, the chairman now owns 1,128,795 shares of the company’s stock, valued at approximately $102,867,088.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 293,132 shares of company stock valued at $28,348,680. Insiders own 4.10% 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.

Insider Buying and Selling by Quarter for Dollar Tree (NASDAQ:DLTR)

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