Dollar Tree (DLTR) Shares Up 5.9%

Dollar Tree, Inc. (NASDAQ:DLTR)’s share price shot up 5.9% during mid-day trading on Friday . The stock traded as high as $108.91 and last traded at $107.62. 4,168,825 shares traded hands during mid-day trading, an increase of 110% from the average session volume of 1,982,335 shares. The stock had previously closed at $101.58.

Several brokerages have weighed in on DLTR. Guggenheim reissued a “buy” rating on shares of Dollar Tree in a report on Wednesday, January 31st. Bank of America increased their price objective on Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. MKM Partners increased their price objective on Dollar Tree from $96.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, November 22nd. Finally, BMO Capital Markets reissued a “hold” rating and set a $90.00 price objective on shares of Dollar Tree in a report on Thursday, November 2nd. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Dollar Tree presently has a consensus rating of “Buy” and an average price target of $105.85.

The company has a market cap of $24,480.00, a PE ratio of 25.62, a PEG ratio of 1.38 and a beta of 0.71. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 earnings per share. equities analysts expect that Dollar Tree, Inc. will post 4.88 earnings per share for the current year.

In other Dollar Tree news, Chairman Bob Sasser sold 64,002 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total transaction of $6,383,559.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas A. Saunders sold 12,440 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $108.15, for a total value of $1,345,386.00. Following the sale, the director now owns 2,326,702 shares in the company, valued at approximately $251,632,821.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,132 shares of company stock worth $14,679,180. Company insiders own 4.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Exane Derivatives purchased a new stake in shares of Dollar Tree in the fourth quarter worth $104,000. Cerebellum GP LLC purchased a new stake in shares of Dollar Tree in the fourth quarter worth $127,000. Advisory Services Network LLC raised its position in shares of Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares in the last quarter. FTB Advisors Inc. raised its position in shares of Dollar Tree by 249.2% in the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after buying an additional 992 shares in the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of Dollar Tree in the third quarter worth $150,000. Institutional investors own 88.73% of the company’s stock.

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Dollar Tree Company Profile

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.

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