Dollar Tree, Inc. (DLTR) Rating Reiterated by Piper Jaffray Companies
Dollar Tree, Inc. (NASDAQ:DLTR)‘s stock had its “hold” rating reissued by analysts at Piper Jaffray Companies in a report released on Friday. They currently have a $85.00 price target on the stock. Piper Jaffray Companies’ price target indicates a potential downside of 2.10% from the company’s previous close.
Several other research firms also recently weighed in on DLTR. Sanford C. Bernstein upgraded Dollar Tree from an “underperform” rating to a “market perform” rating and raised their target price for the company from $65.00 to $78.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 price target on shares of Dollar Tree in a research note 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 target for the company in a research report on Friday, August 25th. Loop Capital reiterated a “hold” rating and set a $80.00 price target on shares of Dollar Tree in a research report 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $88.91.
Shares of Dollar Tree (NASDAQ:DLTR) traded down 0.51% during mid-day trading on Friday, reaching $86.38. 930,135 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 company’s 50 day moving average is $78.20 and its 200 day moving average is $76.10. The company has a market cap of $20.46 billion, a P/E ratio of 22.10 and a beta of 0.70.
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 Thomson Reuters’ 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 company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the previous year, the firm posted $0.72 EPS. Dollar Tree’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Dollar Tree will post $4.66 EPS for the current fiscal year.
In other news, Director Thomas A. Saunders sold 13,660 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 2,390,881 shares in the company, valued at $164,373,068.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Conrad M. Hall acquired 5,000 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was purchased at an average cost of $66.16 per share, with a total value of $330,800.00. Following the completion of the purchase, the director now directly owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 33,849 shares of company stock valued at $2,528,548. Company insiders own 2.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Waldron LP purchased a new position in Dollar Tree during the 1st quarter valued at about $203,000. UBS Asset Management Americas Inc. grew its position in Dollar Tree by 1.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 590,710 shares of the company’s stock valued at $46,347,000 after acquiring an additional 7,288 shares in the last quarter. Comerica Securities Inc. grew its position in Dollar Tree by 158.5% in the 1st quarter. Comerica Securities Inc. now owns 17,290 shares of the company’s stock valued at $1,357,000 after acquiring an additional 10,602 shares in the last quarter. Alliancebernstein L.P. grew its position in Dollar Tree by 15.4% in the 1st quarter. Alliancebernstein L.P. now owns 3,493,430 shares of the company’s stock valued at $274,095,000 after acquiring an additional 465,226 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new position in Dollar Tree in the 1st quarter valued at about $638,000. Hedge funds and other institutional investors own 90.74% 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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