Today: Buckingham Research Reiterates “Buy” Rating for Dollar Tree Inc. (DLTR)

Today: Buckingham Research Reiterates “Buy” Rating for Dollar Tree Inc. (DLTR)

Dollar Tree Inc. (NASDAQ:DLTR)‘s stock had its “buy” rating restated by investment analysts at Buckingham Research in a research note issued on Monday. They currently have a $117.00 price objective on the stock, up from their previous price objective of $106.00. Buckingham Research’s price objective suggests a potential upside of 31.20% from the company’s previous close.

DLTR has been the topic of several other research reports. Vetr cut shares of Dollar Tree from a “buy” rating to a “sell” rating and set a $74.00 target price on the stock. in a research report on Monday, October 3rd. Barclays PLC initiated coverage on shares of Dollar Tree in a research report on Thursday, September 22nd. They set an “equal weight” rating and a $88.00 target price on the stock. KeyCorp initiated coverage on shares of Dollar Tree in a research report on Wednesday, October 12th. They set an “overweight” rating and a $90.00 target price on the stock. Credit Suisse Group AG set a $69.00 target price on shares of Dollar Tree and gave the stock a “sell” rating in a research report on Wednesday, October 5th. Finally, Cleveland Research cut shares of Dollar Tree from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 4th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. Dollar Tree has an average rating of “Hold” and an average target price of $91.73.

Shares of Dollar Tree (NASDAQ:DLTR) opened at 89.18 on Monday. The company’s 50-day moving average price is $78.04 and its 200-day moving average price is $85.88. The firm has a market cap of $21.03 billion, a P/E ratio of 29.59 and a beta of 0.57. Dollar Tree has a 12 month low of $72.52 and a 12 month high of $99.93.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The business earned $5 billion during the quarter, compared to the consensus estimate of $5.08 billion. Dollar Tree had a return on equity of 17.15% and a net margin of 3.93%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. On average, analysts predict that Dollar Tree will post $3.81 EPS for the current year.

In other news, Director Lemuel E. Lewis acquired 1,470 shares of the stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average cost of $85.00 per share, with a total value of $124,950.00. Following the completion of the purchase, the director now owns 9,469 shares in the company, valued at approximately $804,865. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lemuel E. Lewis acquired 1,560 shares of the stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average cost of $80.00 per share, with a total value of $124,800.00. Following the completion of the purchase, 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 currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Seven Eight Capital LLC purchased a new position in shares of Dollar Tree during the first quarter valued at approximately $255,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Dollar Tree by 3.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,489 shares of the company’s stock valued at $700,000 after buying an additional 290 shares during the period. Euclid Advisors LLC increased its position in shares of Dollar Tree by 668.3% in the first quarter. Euclid Advisors LLC now owns 72,062 shares of the company’s stock valued at $5,942,000 after buying an additional 62,682 shares during the period. First Republic Investment Management Inc. increased its position in shares of Dollar Tree by 40.1% in the first quarter. First Republic Investment Management Inc. now owns 8,494 shares of the company’s stock valued at $700,000 after buying an additional 2,431 shares during the period. Finally, Swarthmore Group Inc. purchased a new position in shares of Dollar Tree during the second quarter valued at approximately $13,700,000. 94.35% of the stock is owned by hedge funds and other institutional investors.

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