Dollar Tree Inc. (DLTR) Price Target Lowered to $96.00 at Deutsche Bank AG
Dollar Tree Inc. (NASDAQ:DLTR) had its price target reduced by equities researchers at Deutsche Bank AG from $104.00 to $96.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 23.06% from the stock’s current price.
A number of other brokerages have also recently issued reports on DLTR. Vetr upgraded shares of Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $112.00 target price for the company in a research report on Wednesday, July 6th. MKM Partners cut shares of Dollar Tree from a “buy” rating to a “neutral” rating and cut their target price for the stock from $104.00 to $80.00 in a research report on Friday, August 26th. They noted that the move was a valuation call. Piper Jaffray Cos. restated a “neutral” rating and set a $85.00 target price (down previously from $87.00) on shares of Dollar Tree in a research report on Monday, August 29th. Barclays PLC started coverage on shares of Dollar Tree in a research report on Thursday, September 22nd. They set an “equal weight” rating and a $88.00 target price for the company. Finally, Morgan Stanley set a $90.00 target price on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $91.14.
Shares of Dollar Tree (NASDAQ:DLTR) traded down 0.06% during trading on Monday, hitting $77.92. 819,485 shares of the stock traded hands. The company’s 50 day moving average is $82.60 and its 200 day moving average is $86.60. Dollar Tree has a 52-week low of $60.31 and a 52-week high of $99.93. The firm has a market cap of $18.37 billion, a PE ratio of 25.85 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.08 billion. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The business’s revenue was up 66.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. On average, equities research analysts predict that Dollar Tree will post $3.80 EPS for the current year.
In related news, Director Lemuel E. Lewis purchased 1,470 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average cost of $85.00 per share, with a total value of $124,950.00. Following the completion of the acquisition, the director now directly owns 9,469 shares of the company’s stock, valued at approximately $804,865. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Conrad M. Hall purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was 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 $68,394.40. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of DLTR. Virginia Retirement System bought a new stake in Dollar Tree during the first quarter valued at about $298,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Dollar Tree during the first quarter valued at about $202,000. Prudential Financial Inc. boosted its stake in Dollar Tree by 1.9% in the first quarter. Prudential Financial Inc. now owns 291,845 shares of the company’s stock valued at $24,065,000 after buying an additional 5,490 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Dollar Tree during the first quarter valued at about $108,000. Finally, Advisor Partners LLC bought a new stake in Dollar Tree during the first quarter valued at about $214,000. 94.37% 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. 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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