Shares of Dollar Tree, Inc. (NASDAQ:DLTR) reached a new 52-week high on Monday . The company traded as high as $107.00 and last traded at $106.84, with a volume of 100428 shares traded. The stock had previously closed at $104.45.
A number of analysts have recently weighed in on DLTR shares. ValuEngine raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Gordon Haskett raised shares of Dollar Tree from a “hold” rating to an “accumulate” rating and set a $110.00 target price on the stock in a research report on Monday, January 7th. Buckingham Research raised shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 8th. Finally, FIX downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th. Thirteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $101.37.
The company has a current ratio of 2.05, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. The company has a market cap of $25.32 billion, a PE ratio of 19.54, a PEG ratio of 2.08 and a beta of 0.43.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.01. The business had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Dollar Tree had a negative net margin of 6.97% and a positive return on equity of 18.21%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 EPS. Equities analysts forecast that Dollar Tree, Inc. will post 5.23 earnings per share for the current year.
In other Dollar Tree news, insider Robert H. Rudman sold 5,110 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $104.43, for a total transaction of $533,637.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael A. Witynski sold 6,380 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $102.83, for a total transaction of $656,055.40. Following the transaction, the chief operating officer now owns 12,381 shares in the company, valued at approximately $1,273,138.23. The disclosure for this sale can be found here. Insiders have sold a total of 33,947 shares of company stock worth $3,480,102 in the last 90 days. Company insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of DLTR. Graves Light Private Wealth Management Inc. bought a new position in shares of Dollar Tree in the 4th quarter worth approximately $233,000. Bank of Montreal Can lifted its stake in shares of Dollar Tree by 19.3% in the 4th quarter. Bank of Montreal Can now owns 312,809 shares of the company’s stock worth $28,254,000 after purchasing an additional 50,536 shares during the period. Huntington National Bank lifted its stake in shares of Dollar Tree by 38.3% in the 4th quarter. Huntington National Bank now owns 201,431 shares of the company’s stock worth $18,193,000 after purchasing an additional 55,831 shares during the period. Clean Yield Group bought a new position in shares of Dollar Tree in the 4th quarter worth approximately $45,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Dollar Tree by 23.8% in the 3rd quarter. Mackenzie Financial Corp now owns 10,746 shares of the company’s stock worth $876,000 after purchasing an additional 2,068 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.
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About Dollar Tree (NASDAQ:DLTR)
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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