Equities research analysts at Moffett Nathanson started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note issued to investors on Monday. The firm set a “buy” rating on the stock.

Several other equities research analysts have also weighed in on the company. Jefferies Group reissued a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a research report on Tuesday, October 31st. J P Morgan Chase & Co reissued a “buy” rating and set a $118.00 target price on shares of Dollar Tree in a research report on Friday, November 3rd. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Wednesday, November 8th. Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $65.00 to $78.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Finally, Raymond James Financial raised Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a research report on Friday, August 25th. Eleven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $99.92.

Shares of Dollar Tree (NASDAQ:DLTR) opened at $105.89 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. The stock has a market capitalization of $25,219.96, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.67 and a beta of 0.64. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $107.11.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the company earned $0.72 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. equities research analysts expect that Dollar Tree will post 4.84 earnings per share for the current fiscal year.

In related news, Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the transaction, the director now owns 2,332,294 shares in the company, valued at approximately $248,016,143.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael A. Witynski sold 4,644 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $102.04, for a total value of $473,873.76. Following the transaction, the chief operating officer now owns 12,381 shares in the company, valued at approximately $1,263,357.24. The disclosure for this sale can be found here. Insiders have sold a total of 382,141 shares of company stock worth $36,142,631 in the last 90 days. 2.90% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. BlueMountain Capital Management LLC grew its stake in shares of Dollar Tree by 119.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after purchasing an additional 825 shares during the last quarter. Sun Life Financial INC grew 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 purchasing an additional 1,710 shares during the last quarter. YorkBridge Wealth Partners LLC grew 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 purchasing an additional 36 shares during the last quarter. Advisory Services Network LLC grew 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 purchasing an additional 12 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new position in shares of Dollar Tree in the 3rd quarter valued at approximately $150,000. Institutional investors own 89.81% of the company’s stock.

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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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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