Dollar Tree, Inc. (NASDAQ:DLTR) has been given a $87.00 price objective by stock analysts at Sanford C. Bernstein in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Sanford C. Bernstein’s price objective would indicate a potential downside of 11.57% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Monday, August 28th. MKM Partners set a $96.00 price objective on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Monday, November 20th. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a research report on Friday, October 13th. Royal Bank Of Canada increased their price objective on shares of Dollar Tree from $102.00 to $111.00 and gave the stock a “top pick” rating in a research report on Wednesday. Finally, Buckingham Research reaffirmed a “buy” rating and set a $87.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Eleven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $99.92.

Shares of Dollar Tree (NASDAQ:DLTR) traded down $1.39 during midday trading on Wednesday, hitting $98.38. 1,740,000 shares of the stock were exchanged, compared to its average volume of 2,351,677. The firm has a market cap of $23,325.50, a P/E ratio of 22.51, a P/E/G ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.43. Dollar Tree has a fifty-two week low of $65.63 and a fifty-two week high of $100.74.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. equities research analysts forecast that Dollar Tree will post 4.84 earnings per share for the current fiscal year.

In other news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the firm’s stock in a transaction 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 owns 1,128,795 shares in the company, valued at $102,867,088.35. The disclosure for this sale can be found here. Insiders sold a total of 260,641 shares of company stock worth $23,726,199 over the last 90 days. Company insiders own 4.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC raised its stake in Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after acquiring an additional 12 shares in the last quarter. Ironwood Investment Management LLC raised its stake in Dollar Tree by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock worth $312,000 after acquiring an additional 31 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in Dollar Tree by 2.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after acquiring an additional 36 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Dollar Tree by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock worth $1,229,000 after acquiring an additional 73 shares in the last quarter. Finally, Eads & Heald Investment Counsel raised its stake in Dollar Tree by 1.6% during the 2nd quarter. Eads & Heald Investment Counsel now owns 7,822 shares of the company’s stock worth $547,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

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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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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