Dollar Tree, Inc. (DLTR) Rating Reiterated by UBS AG

Dollar Tree, Inc. (NASDAQ:DLTR)‘s stock had its “buy” rating restated by research analysts at UBS AG in a report released on Tuesday, www.benzinga.com reports. They currently have a $106.00 target price on the stock, up from their prior target price of $100.00. UBS AG’s price target would indicate a potential upside of 13.14% from the stock’s previous close.

DLTR has been the topic of a number of other research reports. Bank of America Corporation began coverage on Dollar Tree in a research note on Friday, August 25th. They issued a “buy” rating and a $91.00 price objective on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $98.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research note on Thursday, August 24th. BTIG Research reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 23rd. Loop Capital reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $93.00.

Dollar Tree (NASDAQ DLTR) traded down $1.37 during midday trading on Tuesday, reaching $93.69. The company had a trading volume of 1,738,400 shares, compared to its average volume of 2,731,102. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95. Dollar Tree has a one year low of $65.63 and a one year high of $95.64. The stock has a market cap of $22,514.46, a PE ratio of 22.80, a PEG ratio of 1.55 and a beta of 0.59.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the previous year, the firm earned $0.72 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. sell-side analysts predict that Dollar Tree will post 4.66 earnings per share for the current fiscal year.

WARNING: “Dollar Tree, Inc. (DLTR) Rating Reiterated by UBS AG” was posted by Stock Observer and is owned by of Stock Observer. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/11/14/ubs-ag-boosts-dollar-tree-inc-dltr-price-target-to-106-00.html.

In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total value of $13,669,500.00. Following the completion of the sale, the chairman now directly owns 1,128,795 shares in the company, valued at approximately $102,867,088.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gary M. Philbin sold 9,950 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total value of $841,173.00. Following the completion of the sale, the insider now owns 34,532 shares of the company’s stock, valued at $2,919,335.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 251,449 shares of company stock valued at $22,808,837. 2.90% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of DLTR. BlueMountain Capital Management LLC lifted its holdings in shares of Dollar Tree by 119.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares during the period. Sun Life Financial INC lifted its holdings in shares of Dollar Tree by 17,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after buying an additional 1,710 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of Dollar Tree by 2.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Dollar Tree by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of Dollar Tree in the 3rd quarter worth $150,000. Institutional investors and hedge funds own 90.68% 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.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply