Today: Brokers Set Expectations for Dollar Tree Inc.’s Q4 2017 Earnings (DLTR)

Today: Brokers Set Expectations for Dollar Tree Inc.’s Q4 2017 Earnings (DLTR)

Dollar Tree Inc. (NASDAQ:DLTR) – Investment analysts at Feltl & Co. boosted their Q4 2017 earnings per share estimates for Dollar Tree in a research report issued to clients and investors on Wednesday. Feltl & Co. analyst B. Rystrom now forecasts that the brokerage will post earnings per share of $1.30 for the quarter, up from their prior forecast of $1.28.

A number of other research firms have also commented on DLTR. Deutsche Bank AG lowered their price target on shares of Dollar Tree from $104.00 to $96.00 and set a “buy” rating on the stock in a research report on Monday, October 10th. Jefferies Group reiterated a “hold” rating and set a $80.00 price objective on shares of Dollar Tree in a research note on Thursday, November 10th. MKM Partners downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating and reduced their price objective 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. Piper Jaffray Cos. reiterated a “neutral” rating and set a $85.00 price objective (down from $87.00) on shares of Dollar Tree in a research note on Monday, August 29th. Finally, Barclays PLC assumed coverage on shares of Dollar Tree in a research note on Thursday, September 22nd. They set an “equal weight” rating and a $88.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $91.23.

Shares of Dollar Tree (NASDAQ:DLTR) opened at 89.18 on Monday. The company has a market capitalization of $21.03 billion, a P/E ratio of 29.59 and a beta of 0.57. Dollar Tree has a 1-year low of $72.52 and a 1-year high of $99.93. The company’s 50 day moving average is $78.04 and its 200-day moving average is $85.88.

A number of institutional investors have recently bought and sold shares of DLTR. Vanguard Group Inc. increased its position in Dollar Tree by 2.5% in the second quarter. Vanguard Group Inc. now owns 20,047,522 shares of the company’s stock worth $1,889,278,000 after buying an additional 492,077 shares in the last quarter. 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 in the last quarter. FMR LLC increased its position in Dollar Tree by 7.1% in the second quarter. FMR LLC now owns 8,489,053 shares of the company’s stock worth $800,008,000 after buying an additional 561,520 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Dollar Tree by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,089,909 shares of the company’s stock worth $480,677,000 after buying an additional 78,952 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Dollar Tree by 6.4% in the third quarter. Wells Fargo & Company MN now owns 5,547,050 shares of the company’s stock worth $437,829,000 after buying an additional 331,891 shares in the last quarter. 94.35% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Lemuel E. Lewis acquired 1,470 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were purchased at an average cost of $85.00 per share, with a total value of $124,950.00. Following the acquisition, the director now directly owns 9,469 shares of the company’s stock, valued at $804,865. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Barry W. Sullivan sold 2,449 shares of Dollar Tree stock in a transaction 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 transaction, the insider now directly owns 8,904 shares in the company, valued at $740,901.84. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by corporate insiders.

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