Dollar Tree, Inc. (NASDAQ:DLTR) has been given a consensus rating of “Buy” by the twenty-nine analysts that are presently covering the stock, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $101.13.

A number of research firms recently commented on DLTR. Loop Capital restated a “buy” rating and issued a $88.00 price objective (up previously from $86.00) on shares of Dollar Tree in a research report on Saturday, August 26th. Raymond James Financial dropped coverage on shares of Dollar Tree in a research report on Saturday, August 26th. Buckingham Research upped their price objective on shares of Dollar Tree from $87.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Bank of America began coverage on shares of Dollar Tree in a research report on Friday, August 25th. They issued a “buy” rating and a $91.00 price objective for the company. Finally, Deutsche Bank restated a “buy” rating and issued a $98.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research report on Thursday, August 24th.

In other Dollar Tree news, insider David A. Jacobs sold 5,596 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $88.25, for a total transaction of $493,847.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas A. Saunders sold 18,621 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $91.11, for a total transaction of $1,696,559.31. The disclosure for this sale can be found here. Insiders sold a total of 381,836 shares of company stock valued at $36,410,667 over the last quarter. 2.90% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. BlueMountain Capital Management LLC lifted its position in Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after acquiring an additional 825 shares during the last quarter. Sun Life Financial INC increased its holdings in shares of Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after purchasing an additional 1,710 shares during the period. Integrated Investment Consultants LLC bought a new position in shares of Dollar Tree during the third quarter worth approximately $150,000. YorkBridge Wealth Partners LLC increased its holdings in shares of Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after purchasing an additional 36 shares during the period. Finally, Advisory Services Network LLC increased its holdings in shares of Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after purchasing an additional 12 shares during the period. Hedge funds and other institutional investors own 89.80% of the company’s stock.

Dollar Tree (DLTR) traded down $0.63 during mid-day trading on Friday, hitting $105.59. The stock had a trading volume of 2,113,385 shares, compared to its average volume of 2,742,029. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. The firm has a market cap of $25,385.92, a P/E ratio of 24.50, a P/E/G ratio of 1.68 and a beta of 0.64. Dollar Tree has a one year low of $65.63 and a one year high of $109.00.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 EPS. analysts predict that Dollar Tree will post 4.85 EPS for the current year.

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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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