Raymond James Financial, Inc. upgraded shares of Dollar Tree, Inc. (NASDAQ:DLTR) from a market perform rating to a strong-buy rating in a research note released on Friday. They currently have $95.00 target price on the stock.

Other analysts also recently issued reports about the company. Loop Capital reissued a buy rating and issued a $86.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. BTIG Research reissued a buy rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Wednesday. BMO Capital Markets set a $88.00 price objective on Dollar Tree and gave the stock a hold rating in a research note on Friday, May 26th. BidaskClub raised Dollar Tree from a hold rating to a buy rating in a research note on Tuesday, August 8th. Finally, Buckingham Research reissued a buy rating and issued a $87.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Dollar Tree has an average rating of Hold and a consensus price target of $87.38.

Dollar Tree (DLTR) traded up 2.41% during mid-day trading on Friday, reaching $80.39. The company’s stock had a trading volume of 4,449,475 shares. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $91.41. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 20.57 and a beta of 0.68. The stock’s 50 day moving average is $72.34 and its 200 day moving average is $75.66.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. Equities research analysts predict that Dollar Tree will post $4.57 EPS for the current year.

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In related news, Director Lemuel E. Lewis purchased 1,900 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of $66.70 per share, with a total value of $126,730.00. Following the completion of the acquisition, the director now directly owns 16,404 shares of the company’s stock, valued at $1,094,146.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Conrad M. Hall purchased 5,000 shares of the business’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 directly owns 63,299 shares of the company’s stock, valued at $4,187,861.84. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 10,375 shares of company stock valued at $705,819. 4.10% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the last quarter. FMR LLC raised its position in Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the last quarter. BlackRock Inc. raised its position in Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the last quarter. State Street Corp raised its position in Dollar Tree by 2.5% in the first quarter. State Street Corp now owns 9,886,212 shares of the company’s stock worth $775,667,000 after buying an additional 239,221 shares during the last quarter. Finally, Maverick Capital Ltd. raised its position in Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the last quarter. 91.56% of the stock is owned by hedge funds and other institutional investors.

About Dollar Tree

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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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