Royal Bank Of Canada Reiterates $92.00 Price Target for Dollar Tree, Inc. (DLTR)
DLTR has been the subject of several other reports. Deutsche Bank AG reaffirmed a buy rating and issued a $95.00 price target on shares of Dollar Tree in a research note on Tuesday, July 4th. Raymond James Financial, Inc. raised shares of Dollar Tree from a market perform rating to a strong-buy rating and set a $95.00 price target for the company in a research note on Friday, August 25th. Jefferies Group LLC reaffirmed a hold rating and issued a $85.00 price target (up from $80.00) on shares of Dollar Tree in a research note on Friday, August 25th. Piper Jaffray Companies reaffirmed a hold rating and issued a $85.00 price target on shares of Dollar Tree in a research note on Tuesday, August 22nd. Finally, BMO Capital Markets set a $90.00 price target on shares of Dollar Tree and gave the company a market perform rating in a research note on Friday, August 25th. Twelve equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $91.91.
Dollar Tree (NASDAQ DLTR) traded up $1.30 during mid-day trading on Monday, reaching $92.55. 2,191,986 shares of the company traded hands, compared to its average volume of 1,872,786. The firm has a market cap of $21.92 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. equities research analysts anticipate that Dollar Tree will post 4.66 EPS for the current year.
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In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was 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 $102,867,088.35. The disclosure for this sale can be found here. Insiders sold a total of 251,449 shares of company stock valued at $22,808,837 over the last ninety days. 4.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlueMountain Capital Management LLC boosted its stake in Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after acquiring an additional 825 shares during the last quarter. Sun Life Financial INC boosted its stake in Dollar Tree by 17,100.0% in the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after acquiring an additional 1,710 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Dollar Tree in the first quarter valued at about $124,000. Independent Portfolio Consultants Inc. boosted its stake in Dollar Tree by 18.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock valued at $130,000 after acquiring an additional 285 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted 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 acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 90.73% of the company’s stock.
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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