Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Dollar Tree (DLTR) Stock Price

Media headlines about Dollar Tree (NASDAQ:DLTR) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dollar Tree earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.9223176638711 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Dollar Tree (NASDAQ:DLTR) traded up 0.57% on Friday, hitting $73.50. The stock had a trading volume of 1,789,553 shares. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 20.14 and a beta of 0.68. The stock’s 50 day moving average is $70.59 and its 200 day moving average is $75.72. Dollar Tree has a one year low of $65.63 and a one year high of $96.95.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts anticipate that Dollar Tree will post $4.48 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Loop Capital reiterated a “buy” rating and issued a $86.00 price target on shares of Dollar Tree in a report on Wednesday. BMO Capital Markets set a $88.00 price target on shares of Dollar Tree and gave the stock a “hold” rating in a report on Friday, May 26th. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday. Buckingham Research reaffirmed a “buy” rating and set a $87.00 price objective on shares of Dollar Tree in a research note on Wednesday. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and set a $65.00 price objective on shares of Dollar Tree in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $86.91.

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In related news, Director Lemuel E. Lewis acquired 1,900 shares of the stock in a transaction dated Monday, June 26th. The shares were bought at an average cost of $66.70 per share, for a total transaction of $126,730.00. Following the purchase, the director now owns 16,404 shares in the company, valued at approximately $1,094,146.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas A. Saunders sold 13,660 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $68.75, for a total value of $939,125.00. Following the completion of the transaction, the director now directly owns 2,390,881 shares in the company, valued at $164,373,068.75. The disclosure for this sale can be found here. Over the last quarter, insiders bought 10,375 shares of company stock worth $705,819. Corporate insiders own 4.10% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Dollar Tree (NASDAQ:DLTR)

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