Dollar Tree Inc. (NASDAQ:DLTR)‘s stock had its “hold” rating reaffirmed by research analysts at Barclays PLC in a research note issued on Wednesday. They presently have a $84.00 target price on the stock. Barclays PLC’s target price suggests a potential downside of 5.47% from the stock’s current price.
A number of other brokerages have also recently issued reports on DLTR. Johnson Rice upgraded Dollar Tree from a “hold” rating to an “accumulate” rating in a research note on Tuesday, November 15th. MKM Partners restated a “buy” rating and issued a $104.00 price objective (up from $80.00) on shares of Dollar Tree in a research note on Tuesday, August 23rd. Deutsche Bank AG upgraded Dollar Tree from a “hold” rating to a “buy” rating and boosted their price objective for the company from $82.00 to $110.00 in a research note on Monday, August 1st. Vetr cut Dollar Tree from a “strong-buy” rating to a “buy” rating and set a $86.00 price objective on the stock. in a research note on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $101.00 price objective on shares of Dollar Tree in a research note on Tuesday, September 6th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Dollar Tree has a consensus rating of “Hold” and a consensus target price of $91.23.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 88.86 on Wednesday. The stock has a 50 day moving average of $77.65 and a 200-day moving average of $85.83. Dollar Tree has a 1-year low of $72.52 and a 1-year high of $99.93. The firm has a market capitalization of $20.95 billion, a P/E ratio of 29.48 and a beta of 0.57.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Tuesday, November 22nd. The company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.03. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Dollar Tree had a return on equity of 17.52% and a net margin of 3.93%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. On average, equities analysts expect that Dollar Tree will post $3.81 earnings per share for the current year.
In related news, insider Barry W. Sullivan sold 2,449 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total transaction of $203,781.29. Following the completion of the transaction, the insider now owns 8,904 shares in the company, valued at $740,901.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lemuel E. Lewis bought 1,560 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were acquired at an average price of $80.00 per share, with a total value of $124,800.00. Following the acquisition, the director now owns 11,029 shares of the company’s stock, valued at $882,320. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Dollar Tree by 1,439.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,062 shares of the company’s stock worth $100,000 after buying an additional 993 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Dollar Tree during the second quarter worth about $108,000. Signaturefd LLC increased its position in Dollar Tree by 1.5% in the second quarter. Signaturefd LLC now owns 1,266 shares of the company’s stock worth $119,000 after buying an additional 19 shares during the period. Tredje AP fonden purchased a new position in Dollar Tree during the second quarter worth about $120,000. Finally, Global X Management Co. LLC increased its position in Dollar Tree by 121.0% in the second quarter. Global X Management Co. LLC now owns 1,423 shares of the company’s stock worth $134,000 after buying an additional 779 shares during the period. Institutional investors own 95.90% of the company’s stock.
Dollar Tree Company Profile