Dollar Tree Inc. (DLTR) Stock Rating Reaffirmed by Jefferies Group
Dollar Tree Inc. (NASDAQ:DLTR)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group in a report issued on Thursday. They currently have a $80.00 price objective on the stock. Jefferies Group’s target price points to a potential upside of 2.81% from the stock’s current price.
Several other brokerages have also recently issued reports on DLTR. Deutsche Bank AG decreased their price objective on Dollar Tree from $104.00 to $96.00 and set a “buy” rating on the stock in a report on Monday, October 10th. MKM Partners lowered Dollar Tree from a “buy” rating to a “neutral” rating and decreased their price target for the company from $104.00 to $80.00 in a 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 price target (down previously from $87.00) on shares of Dollar Tree in a report on Monday, August 29th. Barclays PLC started coverage on Dollar Tree in a report on Thursday, September 22nd. They set an “equal weight” rating and a $88.00 price target on the stock. Finally, Morgan Stanley set a $90.00 price target on Dollar Tree and gave the company a “hold” rating in a report on Wednesday, August 31st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $91.14.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 77.81 on Thursday. The company has a market cap of $18.35 billion, a PE ratio of 25.82 and a beta of 0.57. Dollar Tree has a 12-month low of $61.33 and a 12-month high of $99.93. The company has a 50-day moving average of $76.85 and a 200 day moving average of $85.69.
Dollar Tree (NASDAQ:DLTR) last issued 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. The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The firm’s revenue was up 66.0% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. On average, equities research analysts expect that Dollar Tree will post $3.80 EPS for the current year.
In other news, Director Lemuel E. Lewis acquired 1,470 shares of Dollar Tree stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average cost 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 approximately $804,865. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Conrad M. Hall acquired 5,000 shares of Dollar Tree stock in a transaction dated Monday, August 29th. The stock was purchased at an average price of $85.60 per share, with a total value of $428,000.00. Following the completion of 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. 4.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DLTR. Vanguard Group Inc. boosted its position 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 position 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 position 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. BlackRock Institutional Trust Company N.A. boosted its position in shares of Dollar Tree by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,089,909 shares of the company’s stock valued at $480,677,000 after buying an additional 78,952 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Dollar Tree by 6.4% in the third quarter. Wells Fargo & Company MN now owns 5,547,050 shares of the company’s stock valued at $437,829,000 after buying an additional 331,891 shares during the last quarter. Hedge funds and other institutional investors own 96.46% 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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