Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Dollar Tree (DLTR) Stock Price
Headlines about Dollar Tree (NASDAQ:DLTR) have trended somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dollar Tree earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the company an impact score of 49.256436451939 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- $5.27 Billion in Sales Expected for Dollar Tree, Inc. (DLTR) This Quarter (americanbankingnews.com)
- Dollar Tree, Inc. (DLTR) Insider Gary M. Philbin Sells 9,950 Shares (americanbankingnews.com)
- Apple, JPMorgan Among Top Picks On New List From UBS (finance.yahoo.com)
- Zacks: Brokerages Expect Dollar Tree, Inc. (DLTR) to Announce $0.89 Earnings Per Share (americanbankingnews.com)
- Cramer: How Nordstrom going private turned radioactive st… (finance.yahoo.com)
Dollar Tree (NASDAQ:DLTR) traded up 0.02% during mid-day trading on Friday, reaching $83.48. 2,757,320 shares of the company’s stock traded hands. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $91.41. The stock has a market cap of $19.77 billion, a P/E ratio of 21.36 and a beta of 0.68. The company has a 50 day moving average price of $77.55 and a 200-day moving average price of $76.03.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. On average, analysts anticipate that Dollar Tree will post $4.66 EPS for the current year.
Several equities research analysts have recently commented on the stock. Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree in a research report on Saturday, August 26th. Loop Capital reiterated a “buy” rating and set a $88.00 price target (up previously from $86.00) on shares of Dollar Tree in a research report on Saturday, August 26th. Sanford C. Bernstein upgraded shares of Dollar Tree from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $65.00 to $78.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Monday, August 28th. Finally, BTIG Research reiterated a “buy” rating and set a $98.00 price target on shares of Dollar Tree in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $88.04.
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In other Dollar Tree news, insider Gary M. Philbin sold 9,950 shares of Dollar Tree stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total transaction of $841,173.00. Following the transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at approximately $2,919,335.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at $2,917,954. The disclosure for this sale can be found here. Insiders have sold a total of 33,849 shares of company stock worth $2,528,548 over the last ninety days. Insiders own 4.10% 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.
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