Dollar Tree, Inc. (DLTR) Earns “Hold” Rating from Piper Jaffray Companies
A number of other equities research analysts have also recently commented on the company. Deutsche Bank AG reissued a buy rating and issued a $95.00 price objective on shares of Dollar Tree in a research note on Tuesday, July 4th. Raymond James Financial, Inc. raised Dollar Tree from a market perform rating to a strong-buy rating and set a $95.00 target price on the stock in a research report on Friday, August 25th. Jefferies Group LLC reaffirmed a hold rating and set a $85.00 target price (up from $80.00) on shares of Dollar Tree in a research report on Friday, August 25th. Citigroup Inc. reiterated a neutral rating and issued a $86.00 target price (up from $85.00) on shares of Dollar Tree in a report on Sunday, June 11th. Finally, Loop Capital reiterated a buy rating and issued a $86.00 target price on shares of Dollar Tree in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. Dollar Tree presently has a consensus rating of Hold and a consensus target price of $88.91.
Dollar Tree (DLTR) traded down 0.37% during mid-day trading on Friday, reaching $86.50. The company had a trading volume of 962,909 shares. Dollar Tree has a one year low of $65.63 and a one year high of $91.41. The firm’s 50-day moving average is $78.20 and its 200-day moving average is $76.10. The firm has a market capitalization of $20.49 billion, a P/E ratio of 22.13 and a beta of 0.70.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. Dollar Tree’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. On average, equities research analysts anticipate that Dollar Tree will post $4.66 earnings per share for the current fiscal year.
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In related news, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the sale, the insider now owns 34,532 shares of the company’s stock, valued at approximately $2,917,954. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gary M. Philbin sold 9,950 shares of Dollar Tree stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total value of $841,173.00. Following the completion of the sale, the insider now directly owns 34,532 shares of the company’s stock, valued at approximately $2,919,335.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,849 shares of company stock worth $2,528,548. Corporate insiders own 2.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLTR. BlueMountain Capital Management LLC lifted its position in shares of Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after acquiring an additional 825 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Dollar Tree by 3.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after purchasing an additional 48 shares during the period. FNY Managed Accounts LLC bought a new position in Dollar Tree in the 1st quarter worth about $124,000. Sun Life Financial INC boosted its stake in 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 purchasing an additional 1,710 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its stake in Dollar Tree by 18.1% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after purchasing an additional 285 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.
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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