Dollar Tree Inc. (DLTR) PT Set at $75.00 by Credit Suisse Group AG
Dollar Tree Inc. (NASDAQ:DLTR) has been given a $75.00 price target by analysts at Credit Suisse Group AG in a research note issued on Tuesday. The brokerage presently has a “sell” rating on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 15.60% from the company’s current price.
A number of other research analysts also recently issued reports on DLTR. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $85.00 price objective (down previously from $87.00) on shares of Dollar Tree in a research report on Monday, August 29th. Jefferies Group reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Dollar Tree in a research report on Thursday, November 10th. Morgan Stanley set a $90.00 price objective on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Wednesday, August 31st. MKM Partners downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $104.00 to $80.00 in a research report on Friday, August 26th. They noted that the move was a valuation call. Finally, Vetr downgraded shares of Dollar Tree from a “strong-buy” rating to a “buy” rating and set a $86.00 price objective on the stock. in a research report on Tuesday, September 27th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $91.23.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 88.86 on Tuesday. Dollar Tree has a one year low of $72.52 and a one year high of $99.93. The stock has a market capitalization of $20.95 billion, a PE ratio of 29.48 and a beta of 0.57. The firm’s 50-day moving average is $77.65 and its 200-day moving average is $85.83.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that Dollar Tree will post $3.81 earnings per share for the current fiscal year.
In other news, insider Barry W. Sullivan sold 2,449 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $83.21, for a total transaction of $203,781.29. Following the completion of the sale, the insider now owns 8,904 shares of the company’s stock, valued at $740,901.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lemuel E. Lewis bought 1,560 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were acquired at an average cost of $80.00 per share, with a total value of $124,800.00. Following the acquisition, the director now directly 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.
Several large investors have recently added to or reduced their stakes in the company. Columbus Circle Investors acquired a new stake in Dollar Tree during the second quarter worth about $61,631,000. Standard Life Investments LTD raised 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 during the last quarter. Retirement Systems of Alabama raised 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 during the last quarter. Calamos Advisors LLC acquired a new stake in Dollar Tree during the second quarter worth about $28,225,000. Finally, Rail Splitter Capital Management LLC raised 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 during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
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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