Dollar Tree, Inc. (DLTR) Downgraded to “Hold” at Loop Capital
Dollar Tree, Inc. (NASDAQ:DLTR) was downgraded by investment analysts at Loop Capital to a “hold” rating in a report issued on Friday. They currently have a $88.00 target price on the stock. Loop Capital’s price target points to a potential downside of 3.69% from the stock’s previous close.
A number of other equities analysts have also recently commented on DLTR. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Piper Jaffray Companies reiterated a “hold” rating and issued a $85.00 target price on shares of Dollar Tree in a research report on Friday, September 29th. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Buckingham Research restated a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $90.14.
Dollar Tree (DLTR) opened at 91.37 on Friday. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $91.50. The firm has a market capitalization of $21.64 billion, a P/E ratio of 23.37 and a beta of 0.70. The firm’s 50-day moving average is $84.47 and its 200 day moving average is $77.57.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. On average, analysts expect that Dollar Tree will post $4.68 EPS for the current fiscal year.
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In related news, insider Gary M. Philbin sold 9,950 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total transaction of $841,173.00. Following the sale, the insider now owns 34,532 shares of the company’s stock, valued at $2,919,335.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary M. Philbin sold 2,795 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total transaction of $236,177.50. Following the sale, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders have sold 18,341 shares of company stock worth $1,571,198 in the last three months. 4.10% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Davidson Kempner Capital Management LP boosted its stake in Dollar Tree by 150.0% during the second quarter. Davidson Kempner Capital Management LP now owns 500,000 shares of the company’s stock worth $34,960,000 after acquiring an additional 300,000 shares in the last quarter. Intl Fcstone Inc. bought a new stake in Dollar Tree during the second quarter worth about $352,000. Sentry Investment Management LLC boosted its stake in Dollar Tree by 15.1% during the second quarter. Sentry Investment Management LLC now owns 18,048 shares of the company’s stock worth $1,262,000 after acquiring an additional 2,370 shares in the last quarter. Atlantic Trust LLC boosted its stake in Dollar Tree by 2.9% during the second quarter. Atlantic Trust LLC now owns 5,425 shares of the company’s stock worth $379,000 after acquiring an additional 155 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Dollar Tree by 25.3% during the second quarter. Toronto Dominion Bank now owns 83,567 shares of the company’s stock worth $5,843,000 after acquiring an additional 16,871 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.
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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