Dollar Tree Inc. (DLTR) Given a $69.00 Price Target by Credit Suisse Group AG Analysts
DLTR has been the topic of a number of other reports. Vetr cut Dollar Tree from a buy rating to a sell rating and set a $74.00 price target on the stock. in a research report on Monday. Barclays PLC initiated coverage on Dollar Tree in a research report on Thursday, September 22nd. They set an equal weight rating and a $88.00 price target on the stock. MKM Partners reiterated a buy rating and set a $104.00 price target (up from $80.00) on shares of Dollar Tree in a research report on Tuesday, August 23rd. Cleveland Research cut Dollar Tree from a buy rating to a neutral rating in a research report on Tuesday. Finally, Citigroup Inc. reiterated a neutral rating and set a $89.00 price target (down from $100.00) on shares of Dollar Tree in a research report on Wednesday, August 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $91.77.
Dollar Tree (NASDAQ:DLTR) traded up 3.74% on Wednesday, reaching $77.93. 3,015,773 shares of the company’s stock traded hands. Dollar Tree has a 52 week low of $60.31 and a 52 week high of $99.93. The firm has a 50-day moving average price of $83.61 and a 200-day moving average price of $86.68. The stock has a market capitalization of $18.37 billion, a price-to-earnings ratio of 25.86 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The company’s quarterly revenue was up 66.0% compared to the same quarter last year. On average, analysts predict that Dollar Tree will post $3.81 earnings per share for the current year.
In other Dollar Tree news, insider Barry W. Sullivan sold 2,449 shares of Dollar Tree stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total transaction of $203,781.29. Following the sale, the insider now directly owns 8,904 shares of the company’s stock, valued at $740,901.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Conrad M. Hall acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were bought at an average cost of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the acquisition, the director now directly owns 799 shares of the company’s stock, valued at approximately $68,394.40. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services Inc boosted its position in Dollar Tree by 12.0% in the first quarter. Commonwealth Equity Services Inc now owns 15,176 shares of the company’s stock worth $1,251,000 after buying an additional 1,629 shares during the period. Virginia Retirement System purchased a new position in Dollar Tree during the first quarter worth about $298,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Dollar Tree during the first quarter worth about $202,000. TIAA CREF Investment Management LLC boosted its position in Dollar Tree by 28.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,049,584 shares of the company’s stock worth $86,549,000 after buying an additional 233,299 shares during the period. Finally, Prudential Financial Inc. boosted its position in Dollar Tree by 1.9% in the first quarter. Prudential Financial Inc. now owns 291,845 shares of the company’s stock worth $24,065,000 after buying an additional 5,490 shares during the period. Institutional investors own 94.37% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
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