Moffett Nathanson Begins Coverage on Dollar Tree (DLTR)

Moffett Nathanson initiated coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note published on Monday morning, Marketbeat reports. The firm issued a buy rating on the stock.

DLTR has been the topic of several other research reports. BMO Capital Markets reiterated a hold rating and issued a $90.00 price objective on shares of Dollar Tree in a research note on Thursday, November 2nd. MKM Partners increased their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a neutral rating in a research note on Wednesday, November 22nd. Royal Bank Of Canada set a $92.00 price objective on shares of Dollar Tree and gave the stock a buy rating in a research note on Monday, October 30th. Zacks Investment Research cut shares of Dollar Tree from a buy rating to a hold rating in a research note on Tuesday, October 31st. Finally, KeyCorp reiterated a buy rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Friday, November 10th. Eleven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar Tree currently has a consensus rating of Buy and a consensus target price of $99.92.

Dollar Tree (DLTR) opened at $105.52 on Monday. Dollar Tree has a one year low of $65.63 and a one year high of $107.11. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The firm has a market cap of $25,106.15, a P/E ratio of 24.23, a PEG ratio of 1.66 and a beta of 0.64.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. research analysts expect that Dollar Tree will post 4.85 earnings per share for the current fiscal year.

In other Dollar Tree news, Director Thomas A. Saunders sold 33,750 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the sale, the director now directly owns 2,332,294 shares of the company’s stock, valued at approximately $248,016,143.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William A. Old, Jr. sold 1,487 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 382,141 shares of company stock valued at $36,142,631. Insiders own 4.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 691,393 shares in the last quarter. FMR LLC grew its holdings in shares of 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 purchasing an additional 5,724,495 shares in the last quarter. BlackRock Inc. grew its holdings in shares of 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 purchasing an additional 1,479,936 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Dollar Tree by 184,411.9% in 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 in the last quarter. Finally, Maverick Capital Ltd. grew its holdings in shares of 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 purchasing an additional 3,777,579 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

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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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