Dollar Tree Inc. (DLTR) Downgraded by Vetr Inc. to Sell
Vetr lowered shares of Dollar Tree Inc. (NASDAQ:DLTR) from a hold rating to a sell rating in a research note released on Monday. They currently have $74.00 price target on the stock.
DLTR has been the topic of a number of other research reports. Barclays PLC started coverage on Dollar Tree in a research note on Thursday, September 22nd. They set an equal weight rating and a $88.00 price target on the stock. Credit Suisse Group AG set a $69.00 price target on Dollar Tree and gave the stock a sell rating in a research note on Wednesday, October 5th. Cleveland Research lowered Dollar Tree from a buy rating to a neutral rating in a research report on Tuesday, October 4th. MKM Partners reaffirmed a buy rating and issued a $104.00 target price (up from $80.00) on shares of Dollar Tree in a research report on Tuesday, August 23rd. Finally, Citigroup Inc. reaffirmed a neutral rating and issued a $89.00 target price (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 issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $91.14.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 77.25 on Monday. The firm’s 50-day moving average price is $82.10 and its 200-day moving average price is $86.70. Dollar Tree has a one year low of $60.31 and a one year high of $99.93. The stock has a market capitalization of $18.21 billion, a P/E ratio of 25.63 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 25th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the company earned $0.67 EPS. The company’s revenue for the quarter was up 66.0% compared to the same quarter last year. Equities research analysts anticipate that Dollar Tree will post $3.80 EPS for the current fiscal year.
In other news, Director Lemuel E. Lewis bought 1,470 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average price 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 in the company, valued at $804,865. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Conrad M. Hall bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were purchased at an average cost of $85.60 per share, for a total transaction of $428,000.00. Following the acquisition, the director now owns 799 shares of the company’s stock, valued at $68,394.40. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.
A number of large investors have recently made changes to their positions in DLTR. Vanguard Group Inc. boosted its stake in shares of Dollar Tree by 2.5% in the second quarter. Vanguard Group Inc. now owns 20,047,522 shares of the company’s stock valued at $1,889,278,000 after buying an additional 492,077 shares during the last quarter. Lone Pine Capital LLC boosted its stake in shares of Dollar Tree by 15.1% in the second quarter. Lone Pine Capital LLC now owns 13,362,151 shares of the company’s stock valued at $1,259,249,000 after buying an additional 1,755,667 shares during the last quarter. FMR LLC boosted its stake in shares of Dollar Tree by 7.1% in the second quarter. FMR LLC now owns 8,489,053 shares of the company’s stock valued at $800,008,000 after buying an additional 561,520 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Dollar Tree by 11.2% in the second quarter. Principal Financial Group Inc. now owns 4,795,123 shares of the company’s stock valued at $451,892,000 after buying an additional 483,012 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Dollar Tree by 0.6% in the second quarter. BlackRock Fund Advisors now owns 3,987,310 shares of the company’s stock valued at $375,764,000 after buying an additional 22,347 shares during the last quarter. 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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