Dollar Tree, Inc. (NASDAQ:DLTR) had its price target raised by stock analysts at Buckingham Research from $87.00 to $93.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Buckingham Research’s price objective suggests a potential upside of 15.69% from the stock’s current price.

Several other equities analysts also recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Dollar Tree in a research note on Friday. Bank of America Corporation reiterated a “buy” rating and issued a $91.00 price objective (up previously from $80.00) on shares of Dollar Tree in a research note on Friday. Telsey Advisory Group upped their price objective on Dollar Tree from $88.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday. Raymond James Financial, Inc. upgraded Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective on the stock in a research note on Friday. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $98.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $87.38.

Shares of Dollar Tree (DLTR) opened at 80.39 on Friday. Dollar Tree has a one year low of $65.63 and a one year high of $91.41. The stock’s 50 day moving average price is $72.34 and its 200 day moving average price is $75.66. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 20.57 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. Dollar Tree’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Dollar Tree will post $4.57 earnings per share for the current fiscal year.

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In other news, Director Thomas A. Saunders sold 13,660 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $68.75, for a total value of $939,125.00. Following the transaction, the director now owns 2,390,881 shares of the company’s stock, valued at $164,373,068.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lemuel E. Lewis purchased 1,900 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of $66.70 per share, for a total transaction of $126,730.00. Following the acquisition, the director now owns 16,404 shares of the company’s stock, valued at approximately $1,094,146.80. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 10,375 shares of company stock worth $705,819. Insiders own 4.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. raised its position in shares of Dollar Tree by 39.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 15,674 shares of the company’s stock valued at $1,230,000 after buying an additional 4,445 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Dollar Tree by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,288 shares of the company’s stock valued at $461,000 after buying an additional 250 shares during the period. Waldron LP bought a new position in shares of Dollar Tree during the first quarter valued at about $203,000. Korea Investment CORP raised its position in shares of Dollar Tree by 0.5% in the first quarter. Korea Investment CORP now owns 117,754 shares of the company’s stock valued at $9,239,000 after buying an additional 626 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its position in shares of Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the period. 91.56% of the stock is currently 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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