Dollar Tree Inc. (DLTR) PT Set at $84.00 by Barclays PLC
Dollar Tree Inc. (NASDAQ:DLTR) has been given a $84.00 price target by analysts at Barclays PLC in a research note issued on Wednesday. The brokerage presently has a “hold” rating on the stock. Barclays PLC’s price target indicates a potential downside of 5.81% from the stock’s current price.
Other equities analysts have also issued reports about the company. Johnson Rice upgraded Dollar Tree from a “hold” rating to an “accumulate” rating in a research report on Tuesday, November 15th. MKM Partners reiterated a “buy” rating and issued a $104.00 price objective (up previously from $80.00) on shares of Dollar Tree in a report on Tuesday, August 23rd. Deutsche Bank AG upgraded Dollar Tree from a “hold” rating to a “buy” rating and increased their price objective for the stock from $82.00 to $110.00 in a report on Monday, August 1st. Vetr cut Dollar Tree from a “strong-buy” rating to a “buy” rating and set a $86.00 price objective for the company. in a report on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $101.00 price objective on shares of Dollar Tree in a report on Tuesday, September 6th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $91.23.
Shares of Dollar Tree (NASDAQ:DLTR) traded up 0.36% during midday trading on Wednesday, reaching $89.18. The company had a trading volume of 1,083,104 shares. Dollar Tree has a one year low of $72.52 and a one year high of $99.93. The company has a 50-day moving average price of $78.04 and a 200 day moving average price of $85.88. The company has a market capitalization of $21.03 billion, a P/E ratio of 29.59 and a beta of 0.57.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.03. Dollar Tree had a return on equity of 17.15% and a net margin of 3.93%. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same period last year, the company earned $0.49 EPS. Dollar Tree’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts anticipate that Dollar Tree will post $3.81 earnings per share for the current fiscal year.
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In related 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 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 of the company’s stock, valued at approximately $68,394.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lemuel E. Lewis purchased 1,470 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were bought at an average cost of $85.00 per share, with a total value of $124,950.00. Following the acquisition, the director now directly owns 9,469 shares of the company’s stock, valued at approximately $804,865. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC raised its stake in Dollar Tree by 2.8% in the second quarter. DAVENPORT & Co LLC now owns 656,497 shares of the company’s stock valued at $61,868,000 after buying an additional 17,909 shares in the last quarter. 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 in 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 in 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 in the last quarter. Finally, 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 in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
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.
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