Dollar Tree, Inc. (DLTR) Price Target Increased to $91.00 by Analysts at Telsey Advisory Group
Dollar Tree, Inc. (NASDAQ:DLTR) had its price target upped by Telsey Advisory Group from $88.00 to $91.00 in a research report report published on Friday, Marketbeat reports. They currently have an outperform rating on the stock.
A number of other equities research analysts have also recently issued reports on DLTR. Gordon Haskett initiated coverage on shares of Dollar Tree in a research note on Tuesday, May 9th. They issued a buy rating and a $98.00 price objective for the company. BTIG Research reaffirmed a buy rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Monday, May 22nd. Deutsche Bank AG upped their price objective on shares of Dollar Tree from $95.00 to $96.00 and gave the company a buy rating in a research note on Thursday, May 25th. BMO Capital Markets set a $88.00 price objective on shares of Dollar Tree and gave the company a hold rating in a research note on Friday, May 26th. Finally, Bank of America Corporation reaffirmed a buy rating and issued a $95.00 price objective (down previously from $100.00) on shares of Dollar Tree in a research note on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $87.42.
Dollar Tree (NASDAQ:DLTR) opened at 80.38 on Friday. The company has a market cap of $19.04 billion, a PE ratio of 20.56 and a beta of 0.68. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $91.41. The stock has a 50 day moving average of $72.34 and a 200-day moving average of $75.66.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree will post $4.62 earnings per share for the current year.
In other news, Director Thomas A. Saunders sold 7,444 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $68.79, for a total value of $512,072.76. Following the sale, the director now directly owns 2,390,881 shares of the company’s stock, valued at approximately $164,468,703.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas A. Saunders sold 13,660 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $68.75, for a total transaction of $939,125.00. Following the completion of the sale, the director now directly owns 2,390,881 shares in the company, valued at $164,373,068.75. The disclosure for this sale can be found here. Insiders bought a total of 10,375 shares of company stock worth $705,819 over the last ninety days. Insiders own 2.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DLTR. Omega Advisors Inc. acquired a new stake in Dollar Tree during the first quarter worth $5,885,000. Achmea Investment Management B.V. acquired a new stake in Dollar Tree during the first quarter worth $448,000. Ironwood Investment Management LLC increased its stake in Dollar Tree by 41.5% in the first quarter. Ironwood Investment Management LLC now owns 4,437 shares of the company’s stock worth $348,000 after buying an additional 1,302 shares in the last quarter. State Treasurer State of Michigan increased its stake in Dollar Tree by 0.4% in the second quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock worth $5,440,000 after buying an additional 300 shares in the last quarter. Finally, Sawtooth Solutions LLC increased its stake in Dollar Tree by 115.6% in the first quarter. Sawtooth Solutions LLC now owns 13,932 shares of the company’s stock worth $1,093,000 after buying an additional 7,470 shares in the last quarter. 90.82% 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.
Receive News & Stock Ratings for Dollar Tree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree Inc. and related stocks with our FREE daily email newsletter.