Dollar Tree Inc. (NASDAQ:DLTR) shares traded up 8.2% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $91.41 and last traded at $88.68, with a volume of 12,815,510 shares. The stock had previously closed at $81.99.

The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.03. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year.

Several brokerages recently weighed in on DLTR. Credit Suisse Group AG set a $69.00 price objective on Dollar Tree and gave the company a “sell” rating in a report on Wednesday, October 5th. Cleveland Research lowered Dollar Tree from a “buy” rating to a “neutral” rating in a report on Tuesday, October 4th. Deutsche Bank AG raised Dollar Tree from a “hold” rating to a “buy” rating and boosted their price objective for the company from $82.00 to $110.00 in a report on Monday, August 1st. Atlantic Securities lowered Dollar Tree from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $87.00 to $68.00 in a report on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a $101.00 price objective on shares of Dollar Tree in a report on Tuesday, September 6th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $91.41.

In related news, Director Conrad M. Hall purchased 5,000 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were acquired at an average cost 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 approximately $68,394.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lemuel E. Lewis purchased 1,560 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was bought at an average cost of $80.00 per share, for a total transaction of $124,800.00. Following the completion of the purchase, the director now directly owns 11,029 shares of the company’s stock, valued at approximately $882,320. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Pillar Pacific Capital Management LLC increased its position in Dollar Tree by 0.3% in the second quarter. Pillar Pacific Capital Management LLC now owns 4,161 shares of the company’s stock valued at $392,000 after buying an additional 11 shares during the last quarter. Carroll Financial Associates Inc. increased its position in Dollar Tree by 0.4% in the second quarter. Carroll Financial Associates Inc. now owns 3,679 shares of the company’s stock valued at $346,000 after buying an additional 16 shares during the last quarter. Signaturefd LLC increased its position in Dollar Tree by 1.5% in the second quarter. Signaturefd LLC now owns 1,266 shares of the company’s stock valued at $119,000 after buying an additional 19 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Dollar Tree by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,447 shares of the company’s stock valued at $588,000 after buying an additional 20 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in Dollar Tree by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,987 shares of the company’s stock valued at $847,000 after buying an additional 23 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

The company has a 50-day moving average of $77.31 and a 200-day moving average of $85.81. The firm has a market cap of $20.91 billion, a PE ratio of 29.42 and a beta of 0.57.

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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.

5 Day Chart for NASDAQ:DLTR

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