KeyCorp began coverage on shares of Dollar Tree Inc. (NASDAQ:DLTR) in a research note issued to investors on Wednesday morning. The firm issued an overweight rating and a $90.00 price objective on the stock.
DLTR has been the subject of a number of other reports. Goldman Sachs Group Inc. reissued a buy rating on shares of Dollar Tree in a research report on Wednesday, July 6th. Buckingham Research restated a buy rating and issued a $106.00 price objective on shares of Dollar Tree in a research note on Wednesday, July 6th. Jefferies Group restated a hold rating on shares of Dollar Tree in a research note on Monday, September 12th. Deutsche Bank AG upgraded shares of Dollar Tree from a hold rating to a buy rating and lifted their price objective for the company from $82.00 to $110.00 in a research note on Monday, August 1st. Finally, Vetr lowered shares of Dollar Tree from a hold rating to a sell rating and set a $74.00 target price on the stock. in a research report on Monday, October 10th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. Dollar Tree has a consensus rating of Hold and an average target price of $91.09.
Dollar Tree (NASDAQ:DLTR) opened at 77.09 on Wednesday. The firm’s 50 day moving average price is $80.33 and its 200 day moving average price is $86.48. The stock has a market cap of $18.18 billion, a price-to-earnings ratio of 25.58 and a beta of 0.54. Dollar Tree has a 12 month low of $61.33 and a 12 month high of $99.93.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. Dollar Tree’s revenue for the quarter was up 66.0% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. On average, equities research analysts predict that Dollar Tree will post $3.80 EPS for the current fiscal year.
In other news, Director Lemuel E. Lewis purchased 1,470 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was acquired at an average cost of $85.00 per share, with a total value of $124,950.00. Following the acquisition, the director now owns 9,469 shares in the company, valued at $804,865. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Barry W. Sullivan sold 2,449 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $83.21, for a total transaction of $203,781.29. Following the sale, the insider now directly owns 8,904 shares of the company’s stock, valued at $740,901.84. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DLTR. Lone Pine Capital LLC increased its position in Dollar Tree by 15.1% in the second quarter. Lone Pine Capital LLC now owns 13,362,151 shares of the company’s stock worth $1,259,249,000 after buying an additional 1,755,667 shares during the period. Vontobel Asset Management Inc. bought a new position in Dollar Tree during the third quarter worth approximately $124,190,000. WestEnd Advisors LLC bought a new position in Dollar Tree during the second quarter worth approximately $94,632,000. Atlanta Capital Management Co. L L C bought a new position in Dollar Tree during the second quarter worth approximately $78,885,000. Finally, Standard Life Investments LTD increased its position in Dollar Tree by 38.5% in the second quarter. Standard Life Investments LTD now owns 2,797,544 shares of the company’s stock worth $263,654,000 after buying an additional 777,451 shares during the period. 95.01% of the stock is owned by institutional investors and hedge funds.
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