Vetr downgraded shares of Dollar Tree Inc. (NASDAQ:DLTR) from a buy rating to a sell rating in a research note published on Monday morning. They currently have $74.00 price objective on the stock.
A number of other analysts also recently commented on DLTR. Zacks Investment Research upgraded Dollar Tree from a hold rating to a buy rating and set a $106.00 target price on the stock in a research note on Monday, July 11th. Piper Jaffray Cos. restated a neutral rating and issued a $85.00 target price (down previously from $87.00) on shares of Dollar Tree in a research note on Monday, August 29th. Morgan Stanley set a $90.00 target price on Dollar Tree and gave the stock a hold rating in a research note on Wednesday, August 31st. MKM Partners downgraded Dollar Tree from a buy rating to a neutral rating and lowered their target price for the stock from $104.00 to $80.00 in a research note on Friday, August 26th. They noted that the move was a valuation call. Finally, Citigroup Inc. restated a neutral rating and issued a $100.00 target price (up previously from $84.00) on shares of Dollar Tree in a research note on Monday, June 6th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $91.77.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 78.09 on Monday. Dollar Tree has a 1-year low of $60.31 and a 1-year high of $99.93. The company has a market cap of $18.41 billion, a P/E ratio of 25.91 and a beta of 0.54. The firm has a 50-day moving average price of $83.11 and a 200-day moving average price of $86.62.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The company earned $5.02 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The firm’s quarterly revenue was up 66.0% compared to the same quarter last year. On average, equities analysts expect that Dollar Tree will post $3.80 EPS for the current year.
In related news, Director Thomas A. Saunders sold 5,000 shares of Dollar Tree stock in a transaction on Monday, July 11th. The stock was sold at an average price of $95.50, for a total value of $477,500.00. Following the completion of the transaction, the director now directly owns 2,310,387 shares in the company, valued at $220,641,958.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lemuel E. Lewis bought 1,560 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was bought at an average price of $80.00 per share, with a total value of $124,800.00. Following the completion of the acquisition, the director now owns 11,029 shares of the company’s stock, valued at approximately $882,320. The disclosure for this purchase can be found here. 4.10% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in 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 during the period. NN Investment Partners Holdings N.V. bought a new position in Dollar Tree during the first quarter worth about $108,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Dollar Tree during the second quarter worth about $108,000. Signaturefd LLC raised 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. Finally, Tredje AP fonden bought a new position in Dollar Tree during the second quarter worth about $120,000. Hedge funds and other institutional investors own 94.37% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.