Investment analysts at Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a research report issued to clients and investors on Saturday.

A number of other research analysts also recently weighed in on the company. Deutsche Bank AG restated a “buy” rating and issued a $95.00 price target on shares of Dollar Tree in a research note on Tuesday, July 4th. BMO Capital Markets set a $88.00 price target on Dollar Tree and gave the company a “hold” rating in a research note on Friday, May 26th. Sanford C. Bernstein restated an “underperform” rating and issued a $65.00 price target on shares of Dollar Tree in a research note on Friday, June 30th. Loop Capital restated a “hold” rating and issued a $80.00 price target on shares of Dollar Tree in a research note on Friday, June 23rd. Finally, BidaskClub downgraded Dollar Tree from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $87.38.

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

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ 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 business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. Equities analysts anticipate that Dollar Tree will post $4.57 earnings per share for the current year.

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In related news, Director Lemuel E. Lewis acquired 1,900 shares of the company’s stock in a transaction on 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 acquisition, the director now directly owns 16,404 shares of the company’s stock, valued at $1,094,146.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Saunders sold 13,660 shares of Dollar Tree 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 completion of the transaction, the director now directly owns 2,390,881 shares of the company’s stock, valued at $164,373,068.75. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 10,375 shares of company stock valued at $705,819. 4.10% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in DLTR. Advisory Services Network LLC boosted its position in shares of 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 in the last quarter. Meristem LLP boosted its position in shares of 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 in the last quarter. Ironwood Investment Management LLC boosted its position in shares of 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 in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of 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 in the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its position in shares of 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 in the last quarter. 91.56% of the stock is owned by hedge funds and other institutional investors.

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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