BMO Capital Markets set a $90.00 price target on Dollar Tree, Inc. (NASDAQ:DLTR) in a research note released on Friday. The brokerage currently has a market perform rating on the stock.

Several other brokerages have also issued reports on DLTR. Zacks Investment Research raised shares of Dollar Tree from a sell rating to a hold rating in a research note on Thursday, July 27th. Deutsche Bank AG increased their target price on shares of Dollar Tree from $95.00 to $96.00 and gave the stock a buy rating in a research note on Thursday, May 25th. BidaskClub raised shares of Dollar Tree from a strong sell rating to a sell rating in a research note on Thursday, June 29th. Gordon Haskett started coverage on shares of Dollar Tree in a research note on Tuesday, May 9th. They set a buy rating and a $98.00 target price on the stock. Finally, Buckingham Research reissued a buy rating and set a $87.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $87.38.

Dollar Tree (NASDAQ DLTR) opened at 80.39 on Friday. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $91.41. The firm has a 50 day moving average price of $72.34 and a 200 day moving average price of $75.66. The company has a market cap of $19.04 billion, a PE ratio of 20.57 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. Dollar Tree’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. On average, analysts anticipate that Dollar Tree will post $4.62 earnings per share for the current fiscal year.

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In related news, Director Lemuel E. Lewis purchased 1,900 shares of Dollar Tree stock in a transaction that occurred on Monday, June 26th. The stock was bought at an average price of $66.70 per share, for a total transaction of $126,730.00. Following the completion of the transaction, the director now owns 16,404 shares in the company, valued at $1,094,146.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the transaction, the director now owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 10,375 shares of company stock valued at $705,819. 2.90% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC raised its position in Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after buying an additional 12 shares during the last quarter. Meristem LLP raised its position in Dollar Tree by 0.3% in the first quarter. Meristem LLP now owns 4,520 shares of the company’s stock valued at $355,000 after buying an additional 14 shares during the last quarter. Ironwood Investment Management LLC raised its position in Dollar Tree by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after buying an additional 31 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Dollar Tree by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 6,621 shares of the company’s stock valued at $519,000 after buying an additional 35 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC raised its position in Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after buying an additional 36 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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