Dollar Tree, Inc. (DLTR) PT Set at $96.00 by MKM Partners

Dollar Tree, Inc. (NASDAQ:DLTR) has been given a $96.00 price objective by analysts at MKM Partners in a report issued on Monday. The firm presently has a “hold” rating on the stock. MKM Partners’ price objective suggests a potential downside of 3.48% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a report on Tuesday, October 31st. J P Morgan Chase & Co reiterated a “buy” rating and issued a $118.00 price objective on shares of Dollar Tree in a report on Friday, November 3rd. Sanford C. Bernstein upgraded Dollar Tree from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $65.00 to $78.00 in a report on Monday, August 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Wednesday, November 8th. Finally, Raymond James Financial, Inc. upgraded Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective on the stock in a report on Friday, August 25th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Dollar Tree presently has a consensus rating of “Buy” and an average price target of $95.25.

Shares of Dollar Tree (NASDAQ:DLTR) opened at $99.46 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43. The stock has a market capitalization of $23,560.00, a P/E ratio of 22.69, a PEG ratio of 1.54 and a beta of 0.59. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $100.54.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Monday, November 20th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. sell-side analysts predict that Dollar Tree will post 4.66 EPS for the current fiscal year.

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In related news, insider David A. Jacobs sold 9,192 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $99.80, for a total value of $917,361.60. Following the transaction, the insider now owns 13,199 shares of the company’s stock, valued at $1,317,260.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the transaction, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders sold 260,641 shares of company stock worth $23,726,199 in the last three months. 2.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Advisory Services Network LLC increased its holdings in Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after buying an additional 12 shares during the last quarter. Ironwood Investment Management LLC increased its holdings in Dollar Tree by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after buying an additional 31 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after buying an additional 36 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Dollar Tree by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock valued at $1,229,000 after buying an additional 73 shares during the last quarter. Finally, Eads & Heald Investment Counsel increased its holdings in Dollar Tree by 1.6% in the second quarter. Eads & Heald Investment Counsel now owns 7,822 shares of the company’s stock valued at $547,000 after buying an additional 120 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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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