Dollar Tree (DLTR) Receiving Somewhat Positive Media Coverage, Study Finds
News headlines about Dollar Tree (NASDAQ:DLTR) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dollar Tree earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.9169136234995 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Watching Historical Performance for Dollar Tree, Inc. (NASDAQ:DLTR) – Jonesboro Recorder (jonesbororecorder.com)
- Watch for Dollar Tree Inc to Potentially Pullback After Gaining 1.80% Yesterday (mysmartrend.com)
- Head to Head Analysis: PriceSmart (PSMT) versus Dollar Tree (NASDAQ:DLTR) (americanbankingnews.com)
- Thrivent Financial For Lutherans Bought A Little More Dollar Tree, Inc. (DLTR) Stock Last Quarter – Modern Readers (modernreaders.com)
- Can Dollar Tree, Inc. (NASDAQ:DLTR) or Concho Resources Inc. (NYSE:CXO) Climb The Ladder? – FLBC News (flbcnews.com)
DLTR has been the topic of a number of recent research reports. Deutsche Bank AG reissued a “buy” rating and issued a $95.00 target price on shares of Dollar Tree in a report on Tuesday, July 4th. BTIG Research reissued a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a report on Monday, May 22nd. Gordon Haskett initiated coverage on shares of Dollar Tree in a report on Tuesday, May 9th. They issued a “buy” rating and a $98.00 target price on the stock. Johnson Rice raised shares of Dollar Tree from an “accumulate” rating to a “buy” rating in a report on Monday, April 24th. Finally, Loop Capital raised shares of Dollar Tree from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $86.00 in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. Dollar Tree presently has a consensus rating of “Hold” and an average price target of $86.91.
Dollar Tree (NASDAQ:DLTR) traded down 1.58% on Tuesday, hitting $73.44. 3,203,859 shares of the company were exchanged. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 20.12 and a beta of 0.68. The stock has a 50 day moving average price of $70.96 and a 200 day moving average price of $75.68. Dollar Tree has a one year low of $65.63 and a one year high of $96.40.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The company had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period in the prior year, the business earned $0.89 earnings per share. Dollar Tree’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts forecast that Dollar Tree will post $4.48 EPS for the current fiscal year.
In other news, Director Thomas A. Saunders sold 13,660 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the transaction, the director now directly owns 2,390,881 shares in the company, valued at $164,373,068.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Conrad M. Hall bought 5,000 shares of Dollar Tree stock in a transaction dated Monday, July 10th. The shares were bought at an average price of $66.16 per share, for a total transaction of $330,800.00. Following the completion of the transaction, the director now directly owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The disclosure for this purchase can be found here. Insiders have bought 10,375 shares of company stock worth $705,819 over the last quarter. 2.90% of the stock is owned by company insiders.
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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