Dollar Tree (DLTR) Getting Somewhat Positive Media Coverage, Report Finds
News stories about Dollar Tree (NASDAQ:DLTR) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dollar Tree earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.6544538333106 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- US dollar stores stand their ground in escalating retail price war – Reuters (reuters.com)
- Eads & Heald Investment Counsel Raises Position in Dollar Tree, Inc. (NASDAQ:DLTR) (newstrendstoday.com)
- Riverpark Capital Management LLC Boosts Position in Dollar Tree, Inc. (DLTR) (famososartistas.com)
- Dollar Tree, Inc. to Host Second Quarter Earnings Conference Call (finance.yahoo.com)
- Dollar Tree, Inc. (DLTR) Set to Announce Earnings on Thursday (americanbankingnews.com)
DLTR has been the topic of several recent research reports. Deutsche Bank AG reissued a “buy” rating and set a $95.00 price target on shares of Dollar Tree in a research report on Tuesday, July 4th. BMO Capital Markets set a $88.00 price target on Dollar Tree and gave the stock a “hold” rating in a research report on Friday, May 26th. Sanford C. Bernstein reissued an “underperform” rating and set a $65.00 price target on shares of Dollar Tree in a research report on Friday, June 30th. Johnson Rice raised Dollar Tree from an “accumulate” rating to a “buy” rating in a research report on Monday, April 24th. Finally, Loop Capital reissued a “hold” rating and set a $80.00 price target on shares of Dollar Tree in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $86.91.
Shares of Dollar Tree (NASDAQ DLTR) traded down 0.12% during midday trading on Friday, hitting $74.25. The stock had a trading volume of 2,128,280 shares. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $96.40. The firm has a market cap of $17.57 billion, a PE ratio of 20.34 and a beta of 0.68. The firm has a 50-day moving average of $71.37 and a 200 day moving average of $75.66.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.98 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter last year, the company earned $0.89 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts expect that Dollar Tree will post $4.48 earnings per share for the current year.
In other news, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $68.75, for a total value of $939,125.00. Following the completion of the transaction, the director now directly owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Conrad M. Hall bought 5,000 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was bought at an average cost of $66.16 per share, with a total value of $330,800.00. Following the completion of the acquisition, the director now owns 63,299 shares in the company, valued at approximately $4,187,861.84. The disclosure for this purchase can be found here. Over the last three months, insiders bought 10,375 shares of company stock valued at $705,819. 4.10% of the stock is currently owned by insiders.
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Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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