Shares of Dollar Tree (NASDAQ:DLTR) have been given an average recommendation of “Buy” by the thirty-one analysts that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $108.43.
DLTR has been the topic of several recent research reports. Bank of America raised their price target on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo restated an “outperform” rating and set a $138.00 price target (up from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price target on the stock in a research report on Tuesday, January 16th. Guggenheim restated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, January 31st. Finally, Oppenheimer initiated coverage on Dollar Tree in a research report on Tuesday, January 16th. They set an “outperform” rating and a $130.00 price target on the stock.
Shares of Dollar Tree stock traded up $1.24 during trading on Thursday, hitting $98.79. 910,610 shares of the stock traded hands, compared to its average volume of 2,843,840. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $23,052.45, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $116.65.
In other news, insider Robert H. Rudman sold 2,764 shares of Dollar Tree stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $93.70, for a total value of $258,986.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Conrad M. Hall acquired 10,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was acquired at an average price of $91.83 per share, for a total transaction of $918,300.00. Following the completion of the transaction, the director now owns 799 shares in the company, valued at approximately $73,372.17. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 14,861 shares of company stock worth $1,398,752. Corporate insiders own 2.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Dimensional Fund Advisors LP lifted its stake in shares of Dollar Tree by 37.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,018,412 shares of the company’s stock valued at $175,213,000 after purchasing an additional 549,724 shares during the period. Vident Investment Advisory LLC purchased a new position in shares of Dollar Tree in the 3rd quarter valued at approximately $1,057,000. Janus Henderson Group PLC lifted its stake in shares of Dollar Tree by 34.9% in the 3rd quarter. Janus Henderson Group PLC now owns 63,524 shares of the company’s stock valued at $5,515,000 after purchasing an additional 16,434 shares during the period. Zions Bancorporation lifted its stake in shares of Dollar Tree by 6,912.9% in the 3rd quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock valued at $189,000 after purchasing an additional 2,143 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of Dollar Tree by 1.0% in the 3rd quarter. California Public Employees Retirement System now owns 538,155 shares of the company’s stock valued at $46,723,000 after purchasing an additional 5,375 shares during the period. Institutional investors own 90.89% of the company’s stock.
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Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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