Dollar Tree Inc. (NASDAQ:DLTR) – Equities researchers at KeyCorp boosted their FY2018 earnings estimates for Dollar Tree in a research report issued to clients and investors on Tuesday. KeyCorp analyst B. Thomas now forecasts that the brokerage will post earnings of $4.47 per share for the year, up from their previous estimate of $4.45. KeyCorp has a “Overweight” rating and a $90.00 price objective on the stock.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.03. Dollar Tree had a return on equity of 17.52% and a net margin of 3.93%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year.

Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

Other equities research analysts also recently issued reports about the stock. Johnson Rice raised shares of Dollar Tree from a “hold” rating to an “accumulate” rating in a research note on Tuesday, November 15th. Vetr downgraded shares of Dollar Tree from a “strong-buy” rating to a “buy” rating and set a $86.00 price target on the stock. in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $101.00 price target on shares of Dollar Tree in a research note on Tuesday, September 6th. MKM Partners reissued 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. Finally, Deutsche Bank AG raised shares of Dollar Tree from a “hold” rating to a “buy” rating and boosted their price target for the company from $82.00 to $110.00 in a research note on Monday, August 1st. Four analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $91.23.

Shares of Dollar Tree (NASDAQ:DLTR) remained flat at $88.86 on Thursday. 4,022,467 shares of the stock traded hands. The stock has a 50 day moving average price of $77.65 and a 200 day moving average price of $85.83. Dollar Tree has a 1-year low of $72.52 and a 1-year high of $99.93. The firm has a market capitalization of $20.95 billion, a PE ratio of 29.48 and a beta of 0.57.

Hedge funds have recently added to or reduced their stakes in the company. Columbus Circle Investors bought a new stake in Dollar Tree during the second quarter worth approximately $61,631,000. Standard Life Investments LTD increased its stake in Dollar Tree by 38.5% in the second quarter. Standard Life Investments LTD now owns 2,797,544 shares of the company’s stock worth $263,654,000 after buying an additional 777,451 shares in the last quarter. Retirement Systems of Alabama increased its stake in Dollar Tree by 1.8% in the second quarter. Retirement Systems of Alabama now owns 120,093 shares of the company’s stock worth $11,318,000 after buying an additional 2,111 shares in the last quarter. Calamos Advisors LLC bought a new stake in Dollar Tree during the second quarter worth approximately $28,225,000. Finally, Rail Splitter Capital Management LLC increased its stake in Dollar Tree by 2.7% in the second quarter. Rail Splitter Capital Management LLC now owns 127,231 shares of the company’s stock worth $11,990,000 after buying an additional 3,310 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Conrad M. Hall acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were purchased at an average price of $85.60 per share, with a total value of $428,000.00. Following the completion of the acquisition, the director now owns 799 shares in the company, valued at $68,394.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lemuel E. Lewis acquired 1,470 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $124,950.00. Following the acquisition, the director now owns 9,469 shares of the company’s stock, valued at approximately $804,865. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by insiders.

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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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