Wells Fargo & Co reiterated their outperform rating on shares of Dollar Tree (NASDAQ:DLTR) in a research report sent to investors on Tuesday, The Fly reports. They currently have a $132.00 price objective on the stock, up from their prior price objective of $122.00.

DLTR has been the topic of several other reports. BMO Capital Markets reiterated 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 boosted their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the company a neutral rating in a research report on Wednesday, November 22nd. Zacks Investment Research lowered shares of Dollar Tree from a buy rating to a hold rating in a research report on Tuesday, October 31st. Royal Bank of Canada set a $92.00 price target on shares of Dollar Tree and gave the company a buy rating in a research report on Monday, October 30th. Finally, KeyCorp restated a buy rating and issued a $98.00 price target on shares of Dollar Tree in a research report on Friday, November 10th. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $105.04.

Shares of Dollar Tree (DLTR) traded up $1.83 during trading on Tuesday, hitting $114.73. 1,904,311 shares of the stock traded hands, compared to its average volume of 1,940,000. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $115.89. The firm has a market cap of $27,640.00, a price-to-earnings ratio of 27.32, a P/E/G ratio of 1.85 and a beta of 0.63.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the business earned $0.72 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. sell-side analysts predict that Dollar Tree will post 4.87 earnings per share for the current year.

In related news, Director Thomas A. Saunders sold 33,750 shares of the business’s 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 completion of the sale, the director now directly owns 2,332,294 shares of the company’s stock, valued at $248,016,143.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the completion of the sale, the chairman now directly 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. Over the last three months, insiders have sold 293,132 shares of company stock valued at $28,348,680. 4.10% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Advisory Services Network LLC increased its stake in Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after purchasing an additional 12 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after purchasing an additional 36 shares in the last quarter. Atlantic Trust LLC increased its stake in Dollar Tree by 2.9% in the second quarter. Atlantic Trust LLC now owns 5,425 shares of the company’s stock valued at $379,000 after purchasing an additional 155 shares in the last quarter. Zacks Investment Management increased its stake in Dollar Tree by 3.3% in the second quarter. Zacks Investment Management now owns 7,210 shares of the company’s stock valued at $504,000 after purchasing an additional 233 shares in the last quarter. Finally, First Allied Advisory Services Inc. increased its stake in Dollar Tree by 8.9% in the second quarter. First Allied Advisory Services Inc. now owns 3,430 shares of the company’s stock valued at $237,000 after purchasing an additional 280 shares in the last quarter. 89.74% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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