Telsey Advisory Group restated their outperform rating on shares of Dollar Tree (NASDAQ:DLTR) in a report released on Thursday morning, Marketbeat.com reports. They currently have a $105.00 target price on the stock, down from their prior target price of $130.00.
Several other research firms have also issued reports on DLTR. Zacks Investment Research raised Dollar Tree from a hold rating to a buy rating and set a $105.00 target price for the company in a report on Wednesday, November 8th. Raymond James Financial set a $124.00 target price on Dollar Tree and gave the company a buy rating in a report on Thursday, December 7th. BidaskClub lowered Dollar Tree from a strong-buy rating to a buy rating in a report on Thursday, December 14th. Wells Fargo & Co reaffirmed an outperform rating and issued a $138.00 target price (up from $132.00) on shares of Dollar Tree in a report on Tuesday, January 16th. Finally, Moffett Nathanson initiated coverage on Dollar Tree in a report on Monday, December 4th. They issued a buy rating for the company. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $105.38.
Shares of Dollar Tree (NASDAQ DLTR) opened at $92.70 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. The company has a market capitalization of $21,978.84, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.18 and a beta of 0.80. Dollar Tree has a twelve month low of $65.63 and a twelve month high of $116.65.
In other news, Director Conrad M. Hall acquired 10,000 shares of Dollar Tree stock in a transaction on Friday, March 9th. The stock was acquired at an average cost of $91.83 per share, with a total value of $918,300.00. Following the completion of the acquisition, the director now owns 799 shares in the company, valued at $73,372.17. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in DLTR. Macquarie Group Ltd. grew its holdings in Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after purchasing an additional 8,298,537 shares during the period. DSM Capital Partners LLC grew its holdings in Dollar Tree by 1,443,950.0% during the third quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock valued at $105,314,000 after purchasing an additional 1,212,918 shares during the period. Mar Vista Investment Partners LLC bought a new position in Dollar Tree during the third quarter valued at $100,828,000. Russell Investments Group Ltd. grew its holdings in Dollar Tree by 78.9% during the third quarter. Russell Investments Group Ltd. now owns 1,876,816 shares of the company’s stock valued at $162,931,000 after purchasing an additional 827,665 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Dollar Tree by 2,567.0% during the fourth quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock valued at $63,911,000 after purchasing an additional 573,238 shares during the period. 90.97% of the stock is owned by institutional investors and hedge funds.
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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