Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Dollar Tree (DLTR) Share Price
Press coverage about Dollar Tree (NASDAQ:DLTR) has trended somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dollar Tree earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.7235911253691 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Why Dollar Tree, Inc. Stock Jumped 10.5% in August – Motley Fool (fool.com)
- Dollar Tree Gains 11% in 13 Days, More Room for Growth? (nasdaq.com)
- Dollar General Raises Fiscal 2017 Guidance but Misses Wall Street Expectations (finance.yahoo.com)
- Dollar Tree, Inc. (DLTR) noted a price change of 1.78% and Genesco Inc. (GCO) closes with a move of 9.69% – Stocks Gallery (stocksgallery.com)
Shares of Dollar Tree (NASDAQ DLTR) traded up 0.69% during midday trading on Monday, reaching $83.40. The company had a trading volume of 2,790,886 shares. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $91.41. The stock has a market capitalization of $19.75 billion, a PE ratio of 21.34 and a beta of 0.68. The company’s 50 day moving average price is $75.84 and its 200 day moving average price is $75.80.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping 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 analyst estimates of $5.24 billion. During the same quarter last year, the company earned $0.72 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that Dollar Tree will post $4.66 earnings per share for the current year.
Several analysts recently weighed in on the company. Deutsche Bank AG restated a “buy” rating and issued a $95.00 price objective on shares of Dollar Tree in a report on Tuesday, July 4th. Raymond James Financial, Inc. upgraded Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and issued a $85.00 price objective (up from $80.00) on shares of Dollar Tree in a report on Friday, August 25th. Piper Jaffray Companies restated a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a report on Tuesday, August 22nd. Finally, Citigroup Inc. restated a “neutral” rating and issued a $86.00 price objective (up from $85.00) on shares of Dollar Tree in a report on Sunday, June 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $88.04.
In other Dollar Tree news, Director Thomas A. Saunders sold 13,660 shares of Dollar Tree stock in a transaction that occurred on Friday, July 14th. The stock was 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 $164,373,068.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Conrad M. Hall purchased 5,000 shares of the business’s stock in a transaction on Monday, July 10th. The shares were purchased at an average cost of $66.16 per share, for a total transaction of $330,800.00. Following the transaction, the director now owns 63,299 shares of the company’s stock, valued at $4,187,861.84. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 10,375 shares of company stock worth $705,819. 2.90% of the stock is currently owned by corporate insiders.
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.
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