Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been given a consensus rating of “Buy” by the twenty-eight brokerages that are currently covering the company, MarketBeat.com reports. Eleven analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $92.91.

A number of research analysts have recently commented on DLTR shares. 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. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a research report on Friday, October 13th. Buckingham Research restated a “buy” rating and set a $87.00 price target on shares of Dollar Tree in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) started coverage on shares of Dollar Tree in a research report on Tuesday. They set a “buy” rating and a $106.00 price target for the company. Finally, Bank of America Corporation started coverage on shares of Dollar Tree in a research report on Friday, August 25th. They set a “buy” rating and a $91.00 price target for the company.

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Dollar Tree (NASDAQ:DLTR) traded up $1.54 during trading on Monday, reaching $94.63. 2,135,726 shares of the company were exchanged, compared to its average volume of 2,722,072. Dollar Tree has a fifty-two week low of $65.63 and a fifty-two week high of $95.64. The stock has a market cap of $22,410.00, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59. 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 data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same period in the previous year, the business earned $0.72 EPS. Dollar Tree’s revenue was up 5.7% compared to the same quarter last year. equities research analysts anticipate that Dollar Tree will post 4.67 earnings per share for the current fiscal year.

In other news, insider Gary M. Philbin sold 9,950 shares of the stock in a transaction that occurred 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 sale, the insider now owns 34,532 shares in the company, valued at $2,919,335.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider William A. Old, Jr. sold 1,487 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 251,449 shares of company stock worth $22,808,837. Corporate insiders own 4.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC lifted its position in Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after purchasing an additional 12 shares during the period. Ironwood Investment Management LLC lifted its position in Dollar Tree by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after purchasing an additional 31 shares during the period. YorkBridge Wealth Partners LLC lifted its position in Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after purchasing an additional 36 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Dollar Tree by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock valued at $1,229,000 after purchasing an additional 73 shares during the period. Finally, Eads & Heald Investment Counsel lifted its position in Dollar Tree by 1.6% during the second quarter. Eads & Heald Investment Counsel now owns 7,822 shares of the company’s stock valued at $547,000 after purchasing an additional 120 shares during the period. Institutional investors own 90.68% 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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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