Trade Report: Today: Dollar Tree Inc. (DLTR) Receives Buy Rating from Buckingham Research

Today: Dollar Tree Inc. (DLTR) Receives Buy Rating from Buckingham Research

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

DLTR has been the topic of several other reports. Vetr downgraded shares of Dollar Tree from a “buy” rating to a “sell” rating and set a $74.00 target price on the stock. in a report on Monday, October 3rd. Barclays PLC started coverage on shares of Dollar Tree in a report on Thursday, September 22nd. They set an “equal weight” rating and a $88.00 target price on the stock. KeyCorp started coverage on shares of Dollar Tree in a 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 report on Wednesday, October 5th. Finally, Cleveland Research downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating in a report on Tuesday, October 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus 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 is $78.04 and its 200 day moving average is $85.88. 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 12-month low of $72.52 and a 12-month high of $99.93.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Tuesday, November 22nd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.78 by $0.03. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.08 billion. Dollar Tree had a net margin of 3.93% and a return on equity of 17.15%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. Analysts expect that Dollar Tree will post $3.81 earnings per share for the current fiscal year.

In other 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 value of $203,781.29. Following the completion of the transaction, the insider now owns 8,904 shares of the company’s stock, valued at $740,901.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lemuel E. Lewis acquired 1,560 shares of the stock in a transaction dated Tuesday, September 13th. The stock was purchased at an average cost of $80.00 per share, with a total value of $124,800.00. Following the purchase, the director now directly owns 11,029 shares of the company’s stock, valued at $882,320. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC increased its position in Dollar Tree by 2.8% in the second quarter. DAVENPORT & Co LLC now owns 656,497 shares of the company’s stock valued at $61,868,000 after buying an additional 17,909 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Dollar Tree by 1.4% in the second quarter. Gateway Investment Advisers LLC now owns 43,120 shares of the company’s stock valued at $4,064,000 after buying an additional 589 shares in the last quarter. Forte Capital LLC ADV increased its position in Dollar Tree by 2.7% in the second quarter. Forte Capital LLC ADV now owns 26,123 shares of the company’s stock valued at $2,462,000 after buying an additional 690 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Dollar Tree by 0.3% in the second quarter. Gulf International Bank UK Ltd now owns 68,117 shares of the company’s stock valued at $6,419,000 after buying an additional 200 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in Dollar Tree by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 201,669 shares of the company’s stock valued at $19,005,000 after buying an additional 2,917 shares in the last quarter. 94.35% of the stock is owned by institutional investors.

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