Dollar Tree, Inc. (DLTR) Rating Reiterated by Jefferies Group LLC
Jefferies Group LLC restated their hold rating on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a research report sent to investors on Friday. They currently have a $85.00 price target on the stock, up from their previous price target of $80.00. Jefferies Group also issued estimates for Dollar Tree’s Q3 2018 earnings at $0.89 EPS, Q4 2018 earnings at $1.82 EPS, FY2018 earnings at $4.68 EPS, FY2019 earnings at $5.00 EPS, FY2020 earnings at $5.17 EPS, FY2021 earnings at $5.65 EPS and FY2022 earnings at $6.27 EPS.
Several other equities analysts have also recently weighed in on DLTR. Gordon Haskett started coverage on Dollar Tree in a report on Tuesday, May 9th. They set a buy rating and a $98.00 price objective on the stock. BTIG Research reiterated a buy rating and set a $98.00 price objective on shares of Dollar Tree in a report on Monday, May 22nd. Deutsche Bank AG lifted their price objective on Dollar Tree from $95.00 to $96.00 and gave the company a buy rating in a report on Thursday, May 25th. BMO Capital Markets set a $88.00 price objective on Dollar Tree and gave the company a hold rating in a report on Friday, May 26th. Finally, Bank of America Corporation reiterated a buy rating and set a $95.00 price objective (down previously from $100.00) on shares of Dollar Tree in a report on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company’s stock. Dollar Tree currently has an average rating of Buy and a consensus price target of $87.42.
Dollar Tree (DLTR) opened at 80.38 on Friday. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $91.41. The firm’s 50-day moving average is $72.34 and its 200-day moving average is $75.66. The firm has a market cap of $19.04 billion, a PE ratio of 20.56 and a beta of 0.68.
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 Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter in the previous year, the business posted $0.72 EPS. Dollar Tree’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts expect that Dollar Tree will post $4.62 earnings per share for the current year.
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In related news, Director Thomas A. Saunders sold 13,660 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was 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 of the company’s stock, valued at approximately $164,373,068.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lemuel E. Lewis bought 3,475 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were acquired at an average cost of $71.45 per share, for a total transaction of $248,288.75. Following the completion of the acquisition, the director now directly owns 12,744 shares in the company, valued at approximately $910,558.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,375 shares of company stock worth $705,819 over the last three months. 2.90% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of DLTR. Advisory Services Network LLC raised its position in Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares during the last quarter. Meristem LLP raised its position in Dollar Tree by 0.3% in the first quarter. Meristem LLP now owns 4,520 shares of the company’s stock worth $355,000 after buying an additional 14 shares during the last quarter. Ironwood Investment Management LLC raised its position in Dollar Tree by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock worth $312,000 after buying an additional 31 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Dollar Tree by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 6,621 shares of the company’s stock worth $519,000 after buying an additional 35 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC raised its position in Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.
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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