Buckingham Research Increases Dollar Tree, Inc. (DLTR) Price Target to $111.00
Dollar Tree, Inc. (NASDAQ:DLTR) had its target price upped by Buckingham Research from $93.00 to $111.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Buckingham Research’s price target indicates a potential upside of 11.60% from the stock’s current price.
DLTR has been the topic of several other research reports. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Wednesday, October 11th. Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree in a report on Saturday, August 26th. Royal Bank Of Canada set a $92.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a report on Tuesday, August 22nd. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $95.25.
Shares of Dollar Tree (DLTR) opened at $99.46 on Monday. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $100.54. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 1.83. The company has a market cap of $23,560.00, a PE ratio of 23.29, a P/E/G ratio of 1.58 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. Dollar Tree’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. analysts expect that Dollar Tree will post 4.66 EPS for the current fiscal year.
In related news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gary M. Philbin sold 2,795 shares of the firm’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 completion of the transaction, 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. In the last three months, insiders sold 260,641 shares of company stock worth $23,726,199. Insiders own 2.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Greenlight Capital Inc. purchased a new position in Dollar Tree during the 3rd quarter valued at about $7,631,000. IFM Investors Pty Ltd purchased a new position in Dollar Tree during the 3rd quarter valued at about $585,000. Alkeon Capital Management LLC increased its position in Dollar Tree by 8.2% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock valued at $223,210,000 after purchasing an additional 195,000 shares during the period. California Public Employees Retirement System increased its position in Dollar Tree by 1.0% during the 3rd quarter. California Public Employees Retirement System now owns 538,155 shares of the company’s stock valued at $46,723,000 after purchasing an additional 5,375 shares during the period. Finally, Davidson Kempner Capital Management LP increased its position in Dollar Tree by 61.3% during the 3rd quarter. Davidson Kempner Capital Management LP now owns 806,600 shares of the company’s stock valued at $70,021,000 after purchasing an additional 306,600 shares during the period. 94.81% of the stock is currently 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.
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