Dollar Tree Inc. (DLTR) Receives $89.28 Consensus PT from Brokerages
Shares of Dollar Tree Inc. (NASDAQ:DLTR) have earned a consensus rating of “Hold” from the twenty-five analysts that are currently covering the company. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $89.28.
A number of equities research analysts have recently weighed in on the company. Jefferies Group reissued a “hold” rating and set a $80.00 target price on shares of Dollar Tree in a report on Thursday, November 10th. Deutsche Bank AG raised Dollar Tree from a “hold” rating to a “buy” rating and lifted their target price for the stock from $82.00 to $110.00 in a report on Monday, August 1st. Barclays PLC set a $84.00 target price on Dollar Tree and gave the stock a “hold” rating in a report on Wednesday, November 23rd. Credit Suisse Group AG set a $75.00 target price on Dollar Tree and gave the stock a “sell” rating in a report on Tuesday, November 22nd. Finally, Vetr downgraded Dollar Tree from a “hold” rating to a “sell” rating and set a $74.00 target price for the company. in a report on Monday, October 10th.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 89.18 on Wednesday. The company has a market cap of $21.03 billion, a price-to-earnings ratio of 29.59 and a beta of 0.57. Dollar Tree has a one year low of $72.52 and a one year high of $99.93. The firm’s 50-day moving average is $78.04 and its 200-day moving average is $85.88.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ 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 company earned $5 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Analysts expect that Dollar Tree will post $3.81 EPS for the current fiscal year.
In other Dollar Tree news, insider Barry W. Sullivan sold 2,449 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total value of $203,781.29. Following the transaction, the insider now directly owns 8,904 shares of the company’s stock, valued at $740,901.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lemuel E. Lewis purchased 1,470 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $124,950.00. Following the completion of the purchase, 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 owned by company insiders.
A number of institutional investors have recently modified their holdings of DLTR. Tower Research Capital LLC TRC raised its position in shares of Dollar Tree by 1,439.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,062 shares of the company’s stock valued at $100,000 after buying an additional 993 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Dollar Tree during the second quarter valued at about $108,000. Signaturefd LLC raised its position in shares of 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 period. Tredje AP fonden acquired a new position in shares of Dollar Tree during the second quarter valued at about $120,000. Finally, Global X Management Co. LLC raised its position in shares of Dollar Tree by 121.0% in the second quarter. Global X Management Co. LLC now owns 1,423 shares of the company’s stock valued at $134,000 after buying an additional 779 shares during the period. 94.35% of the stock is currently owned by hedge funds and other institutional investors.
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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