Deutsche Bank AG reiterated their buy rating on shares of Dollar Tree Inc. (NASDAQ:DLTR) in a research report sent to investors on Friday. The brokerage currently has a $96.00 price target on the stock.

DLTR has been the subject of a number of other research reports. MKM Partners reiterated a buy rating and set a $104.00 price target (up previously from $80.00) on shares of Dollar Tree in a research note on Tuesday, August 23rd. Piper Jaffray Cos. reiterated a neutral rating and set a $85.00 price target (down previously from $87.00) on shares of Dollar Tree in a research note on Monday, August 29th. Citigroup Inc. reiterated a neutral rating and set a $89.00 price target (down previously from $100.00) on shares of Dollar Tree in a research note on Wednesday, August 31st. Morgan Stanley set a $90.00 price target on Dollar Tree and gave the company a hold rating in a research note on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reiterated a buy rating and set a $101.00 price target on shares of Dollar Tree in a research note on Tuesday, September 6th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $91.14.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Dollar Tree (NASDAQ:DLTR) traded down 0.74% during trading on Friday, hitting $81.30. The stock had a trading volume of 1,037,600 shares. Dollar Tree has a 1-year low of $67.36 and a 1-year high of $99.93. The firm has a 50 day moving average price of $76.83 and a 200-day moving average price of $85.70. The firm has a market capitalization of $19.17 billion, a PE ratio of 26.97 and a beta of 0.57.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The firm earned $5.02 billion during the quarter, compared to analyst estimates of $5.08 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The business’s quarterly revenue was up 66.0% on a year-over-year basis. During the same quarter in the prior year, the business 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 Dollar Tree news, Director Conrad M. Hall purchased 5,000 shares of the business’s stock in a transaction on Monday, August 29th. The stock was acquired at an average cost of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the transaction, the director now directly owns 799 shares in the company, valued at approximately $68,394.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lemuel E. Lewis purchased 1,560 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were acquired at an average price of $80.00 per share, with a total value of $124,800.00. Following the completion of the transaction, the director now owns 11,029 shares of the company’s stock, valued at $882,320. 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 the stock. Gateway Investment Advisers LLC raised its stake in Dollar Tree by 1.4% in the second quarter. Gateway Investment Advisers LLC now owns 43,120 shares of the company’s stock valued at $4,064,000 after buying an additional 589 shares during the last quarter. Forte Capital LLC ADV raised its stake in Dollar Tree by 2.7% in the second quarter. Forte Capital LLC ADV now owns 26,123 shares of the company’s stock valued at $2,462,000 after buying an additional 690 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Dollar Tree by 0.3% in the second quarter. Gulf International Bank UK Ltd now owns 68,117 shares of the company’s stock valued at $6,419,000 after buying an additional 200 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Dollar Tree by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 201,669 shares of the company’s stock valued at $19,005,000 after buying an additional 2,917 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its stake in Dollar Tree by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 60,976 shares of the company’s stock valued at $5,746,000 after buying an additional 3,809 shares during the last quarter. Institutional investors and hedge funds own 95.90% 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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