Dollar Tree (DLTR) PT Raised to $115.00

Dollar Tree (NASDAQ:DLTR) had its price objective boosted by stock analysts at KeyCorp from $108.00 to $115.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 32.95% from the stock’s previous close.

DLTR has been the topic of several other reports. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Citigroup started coverage on Dollar Tree in a research note on Friday, July 6th. They set a “neutral” rating on the stock. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Raymond James dropped their price target on Dollar Tree from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, August 31st. Finally, Gordon Haskett lowered Dollar Tree from an “accumulate” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $100.83.

DLTR opened at $86.50 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 2.24. Dollar Tree has a 52-week low of $78.78 and a 52-week high of $116.65. The company has a market cap of $19.40 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.05 and a beta of 0.74.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The business had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same period last year, the firm posted $0.99 earnings per share. Dollar Tree’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that Dollar Tree will post 5.5 EPS for the current year.

In related news, Director Lemuel E. Lewis bought 1,210 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were acquired at an average cost of $82.75 per share, with a total value of $100,127.50. Following the completion of the acquisition, the director now owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Signet Financial Management LLC bought a new stake in Dollar Tree in the second quarter worth $121,000. grace capital bought a new stake in Dollar Tree in the second quarter worth $153,000. Cerebellum GP LLC boosted its holdings in Dollar Tree by 58.9% in the second quarter. Cerebellum GP LLC now owns 2,120 shares of the company’s stock worth $180,000 after acquiring an additional 786 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Dollar Tree by 46.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,190 shares of the company’s stock worth $186,000 after acquiring an additional 690 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in Dollar Tree by 35.2% in the second quarter. Dupont Capital Management Corp now owns 2,206 shares of the company’s stock worth $188,000 after acquiring an additional 574 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

About Dollar Tree

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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The Fly

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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