KeyCorp assumed coverage on shares of Dollar Tree Inc. (NASDAQ:DLTR) in a research report report published on Wednesday morning. The firm issued an overweight rating on the stock.

A number of other research firms have also recently weighed in on DLTR. Deutsche Bank AG upgraded Dollar Tree from a hold rating to a buy rating and raised their price target for the company from $82.00 to $110.00 in a research note on Monday, August 1st. MKM Partners restated a buy rating and issued a $104.00 price target (up from $80.00) on shares of Dollar Tree in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded Dollar Tree from a hold rating to a buy rating and set a $106.00 price target on the stock in a research note on Monday, July 11th. Buckingham Research restated a buy rating and issued a $106.00 price target on shares of Dollar Tree in a research note on Wednesday, July 6th. Finally, Vetr upgraded Dollar Tree from a hold rating to a strong-buy rating and set a $112.00 price target on the stock in a research note on Wednesday, July 6th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Dollar Tree has a consensus rating of Hold and an average price target of $91.14.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Shares of Dollar Tree (NASDAQ:DLTR) traded down 0.15% during mid-day trading on Wednesday, hitting $77.35. The stock had a trading volume of 288,576 shares. The firm has a 50 day moving average price of $81.05 and a 200 day moving average price of $86.57. Dollar Tree has a 52-week low of $61.03 and a 52-week high of $99.93. The firm has a market cap of $18.24 billion, a PE ratio of 25.66 and a beta of 0.54.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ 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 business earned $5.02 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was up 66.0% on a year-over-year basis. Equities analysts predict that Dollar Tree will post $3.80 EPS for the current year.

In other Dollar Tree news, Director Lemuel E. Lewis acquired 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, for a total transaction of $124,950.00. Following the completion of the purchase, the director now directly owns 9,469 shares in the company, valued at $804,865. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Conrad M. Hall acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the purchase, 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 added to or reduced their stakes in DLTR. Geode Capital Management LLC raised its stake in Dollar Tree by 2.4% in the first quarter. Geode Capital Management LLC now owns 1,971,839 shares of the company’s stock valued at $162,284,000 after buying an additional 46,847 shares during the period. Pictet Asset Management Ltd. raised its stake in Dollar Tree by 0.6% in the first quarter. Pictet Asset Management Ltd. now owns 123,010 shares of the company’s stock valued at $9,872,000 after buying an additional 700 shares during the period. UBS Group AG raised its stake in Dollar Tree by 71.3% in the first quarter. UBS Group AG now owns 180,093 shares of the company’s stock valued at $14,850,000 after buying an additional 74,974 shares during the period. Canada Pension Plan Investment Board raised its stake in Dollar Tree by 940.5% in the first quarter. Canada Pension Plan Investment Board now owns 101,970 shares of the company’s stock valued at $8,408,000 after buying an additional 92,170 shares during the period. Finally, Credit Agricole S A raised its stake in Dollar Tree by 226.8% in the first quarter. Credit Agricole S A now owns 573,374 shares of the company’s stock valued at $47,280,000 after buying an additional 397,949 shares during the period. Hedge funds and other institutional investors own 94.37% of the company’s stock.

Dollar Tree Company Profile

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.

5 Day Chart for NASDAQ:DLTR

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