Dollar Tree, Inc. (DLTR) Rating Reiterated by Loop Capital
Loop Capital reissued their buy rating on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a report released on Saturday. Loop Capital currently has a $88.00 price target on the stock, up from their prior price target of $86.00.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Dollar Tree from a hold rating to a buy rating and set a $85.00 price target on the stock in a research report on Tuesday, August 8th. Deutsche Bank AG restated a buy rating and issued a $95.00 price target on shares of Dollar Tree in a research report on Tuesday, July 4th. BTIG Research restated a buy rating and issued a $98.00 price target on shares of Dollar Tree in a research report on Monday, May 22nd. Gordon Haskett started coverage on Dollar Tree in a research report on Tuesday, May 9th. They issued a buy rating and a $98.00 price target on the stock. Finally, Bank of America Corporation restated a buy rating and issued a $95.00 price target (down previously from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $88.04.
Shares of Dollar Tree (DLTR) opened at 79.70 on Friday. The stock has a market capitalization of $18.88 billion, a PE ratio of 20.39 and a beta of 0.68. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $91.41. The company’s 50 day moving average price is $72.34 and its 200 day moving average price is $75.66.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, equities research analysts anticipate that Dollar Tree will post $4.62 EPS for the current year.
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In other news, Director Lemuel E. Lewis purchased 3,475 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were acquired at an average price of $71.45 per share, with a total value of $248,288.75. Following the purchase, the director now directly owns 12,744 shares of the company’s stock, valued at $910,558.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Conrad M. Hall purchased 5,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were purchased at an average cost of $66.16 per share, for a total transaction of $330,800.00. Following the purchase, the director now directly owns 63,299 shares in the company, valued at $4,187,861.84. The disclosure for this purchase can be found here. Insiders have bought a total of 10,375 shares of company stock worth $705,819 in the last three months. Corporate insiders own 2.90% of the company’s stock.
A number of large investors have recently bought and sold shares of DLTR. Vanguard Group Inc. raised its stake in Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the last quarter. FMR LLC raised its stake in Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the last quarter. BlackRock Inc. raised its stake in Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the last quarter. State Street Corp raised its stake in Dollar Tree by 2.5% in the first quarter. State Street Corp now owns 9,886,212 shares of the company’s stock worth $775,667,000 after buying an additional 239,221 shares during the last quarter. Finally, Maverick Capital Ltd. raised its stake in Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.
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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