Sanford C. Bernstein upgraded shares of Dollar Tree, Inc. (NASDAQ:DLTR) from an underperform rating to a market perform rating in a report published on Monday, Marketbeat reports. Sanford C. Bernstein currently has $78.00 target price on the stock, up from their previous target price of $65.00. The analysts noted that the move was a valuation call.

DLTR has been the subject of a number of other reports. Deutsche Bank AG reaffirmed a buy rating and issued a $95.00 target price on shares of Dollar Tree in a research report on Tuesday, July 4th. Raymond James Financial, Inc. raised Dollar Tree from a market perform rating to a strong-buy rating and set a $95.00 target price for the company in a research report on Friday, August 25th. Jefferies Group LLC reaffirmed a hold rating and issued a $85.00 target price (up from $80.00) on shares of Dollar Tree in a research report on Friday, August 25th. Piper Jaffray Companies reaffirmed a hold rating and issued a $85.00 target price on shares of Dollar Tree in a research report on Tuesday, August 22nd. Finally, Citigroup Inc. reaffirmed a neutral rating and issued a $86.00 target price (up from $85.00) on shares of Dollar Tree in a research report on Sunday, June 11th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $88.04.

Dollar Tree (NASDAQ:DLTR) opened at 79.72 on Monday. The company has a 50-day moving average price of $72.34 and a 200-day moving average price of $75.66. The stock has a market cap of $18.88 billion, a PE ratio of 20.39 and a beta of 0.68. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $91.41. Dollar Tree also was the target of some unusual options trading on Tuesday. Stock investors bought 20,355 call options on the company. This is an increase of 273% compared to the typical volume of 5,455 call options.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.24 billion. During the same period in the previous year, the company posted $0.72 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Dollar Tree will post $4.63 earnings per share for the current year.

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In other news, Director Conrad M. Hall acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were acquired at an average price of $66.16 per share, for a total transaction of $330,800.00. Following the completion of the purchase, the director now owns 63,299 shares in the company, valued at $4,187,861.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lemuel E. Lewis acquired 1,900 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of $66.70 per share, for a total transaction of $126,730.00. Following the purchase, 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 quarter, insiders purchased 10,375 shares of company stock worth $705,819. 4.10% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Sentry Investment Management LLC increased its position in Dollar Tree by 15.1% in the second quarter. Sentry Investment Management LLC now owns 18,048 shares of the company’s stock valued at $1,262,000 after buying an additional 2,370 shares during the last quarter. Atlantic Trust LLC increased its position in Dollar Tree by 2.9% in the second quarter. Atlantic Trust LLC now owns 5,425 shares of the company’s stock valued at $379,000 after buying an additional 155 shares during the last quarter. Toronto Dominion Bank increased its position in Dollar Tree by 25.3% in the second quarter. Toronto Dominion Bank now owns 83,567 shares of the company’s stock valued at $5,843,000 after buying an additional 16,871 shares during the last quarter. Archford Capital Strategies LLC increased its position in Dollar Tree by 544.5% in the second quarter. Archford Capital Strategies LLC now owns 4,750 shares of the company’s stock valued at $631,000 after buying an additional 4,013 shares during the last quarter. Finally, Advisory Services Network LLC increased 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. Institutional investors and hedge funds 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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