Dollar Tree, Inc. (DLTR) Given a $90.00 Price Target at BMO Capital Markets

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned a $90.00 price objective by equities researchers at BMO Capital Markets in a report released on Friday, August 25th. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 11.00% from the stock’s previous close.

Several other research firms have also recently issued reports on DLTR. Zacks Investment Research raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Deutsche Bank AG lifted their price objective on Dollar Tree from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. BidaskClub upgraded shares of Dollar Tree from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Gordon Haskett assumed coverage on shares of Dollar Tree in a report on Tuesday, May 9th. They set a “buy” rating and a $98.00 target price for the company. Finally, Buckingham Research restated a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $88.04.

Dollar Tree (NASDAQ DLTR) traded up 1.78% during midday trading on Friday, reaching $81.06. The company had a trading volume of 3,236,064 shares. The company has a market cap of $19.20 billion, a PE ratio of 20.74 and a beta of 0.67. The company’s 50-day moving average is $74.10 and its 200 day moving average is $75.75. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $91.41.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same period last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Dollar Tree will post $4.66 EPS for the current year.

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In related news, Director Thomas A. Saunders sold 13,660 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the completion of the transaction, the director now owns 2,390,881 shares of the company’s stock, valued at $164,373,068.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas A. Saunders sold 7,444 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $68.79, for a total transaction of $512,072.76. Following the transaction, the director now directly owns 2,390,881 shares of the company’s stock, valued at approximately $164,468,703.99. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 10,375 shares of company stock valued at $705,819. Corporate insiders own 4.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in DLTR. Vanguard Group Inc. raised its stake in Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock valued at $1,563,349,000 after buying an additional 691,393 shares in the last quarter. FMR LLC raised its stake in Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after buying an additional 5,724,495 shares in the last quarter. BlackRock Inc. raised its stake in Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after buying an additional 1,479,936 shares in the last quarter. State Street Corp raised its stake in Dollar Tree by 2.5% in the first quarter. State Street Corp now owns 9,886,212 shares of the company’s stock valued at $775,667,000 after buying an additional 239,221 shares in the last quarter. Finally, Maverick Capital Ltd. raised its stake in Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after buying an additional 3,777,579 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)




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