Stock analysts at Goldman Sachs Group, Inc. (The) began coverage on shares of Dollar Tree, Inc. (NASDAQ:DLTR) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $106.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price objective indicates a potential upside of 13.14% from the stock’s previous close.

Several other equities analysts have also recently commented on DLTR. Zacks Investment Research upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Buckingham Research reiterated a “buy” rating and set a $87.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Loop Capital reiterated a “buy” rating and set a $86.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a research note on Tuesday, August 22nd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $92.75.

Dollar Tree (NASDAQ DLTR) opened at $93.69 on Tuesday. The firm has a market capitalization of $22,514.46, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. Dollar Tree has a fifty-two week low of $65.63 and a fifty-two week high of $95.64. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. Dollar Tree’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. equities analysts forecast that Dollar Tree will post 4.66 earnings per share for the current year.

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In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 63,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $91.04, for a total transaction of $5,735,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total value of $13,669,500.00. Following the sale, the chairman now owns 1,128,795 shares of the company’s stock, valued at $102,867,088.35. The disclosure for this sale can be found here. Insiders sold a total of 251,449 shares of company stock valued at $22,808,837 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlueMountain Capital Management LLC raised its stake in shares of Dollar Tree by 119.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after purchasing an additional 825 shares in the last quarter. Sun Life Financial INC raised its stake in shares of Dollar Tree by 17,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after acquiring an additional 1,710 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Dollar Tree by 2.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after acquiring an additional 36 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Dollar Tree by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after acquiring an additional 12 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in shares of Dollar Tree in the 3rd quarter valued at approximately $150,000. 90.68% of the stock is owned by institutional investors.

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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