Dollar Tree, Inc. (NASDAQ:DLTR) – Stock analysts at KeyCorp lifted their FY2020 earnings per share (EPS) estimates for shares of Dollar Tree in a research report issued to clients and investors on Tuesday, May 28th, according to Zacks Investment Research. KeyCorp analyst B. Thomas now forecasts that the company will post earnings of $5.46 per share for the year, up from their previous forecast of $5.30. KeyCorp has a “Overweight” rating and a $115.00 price target on the stock.
DLTR has been the topic of several other research reports. Raymond James set a $107.00 price target on Dollar Tree and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Morgan Stanley boosted their target price on Dollar Tree from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. ValuEngine raised Dollar Tree from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. TheStreet lowered Dollar Tree from a “b” rating to a “c” rating in a report on Wednesday, March 6th. Finally, Evercore ISI initiated coverage on Dollar Tree in a report on Wednesday, March 20th. They set an “inline” rating and a $90.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $104.24.
Shares of NASDAQ:DLTR traded up $1.40 during trading on Friday, hitting $112.19. 3,030,437 shares of the company were exchanged, compared to its average volume of 2,291,877. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.14 and a beta of 0.52. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $112.50. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 1.45.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.14. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.78 billion. Dollar Tree had a positive return on equity of 19.13% and a negative net margin of 6.43%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 EPS.
Several large investors have recently added to or reduced their stakes in the company. Sepio Capital LLC bought a new stake in shares of Dollar Tree during the 1st quarter valued at $941,000. Allstate Corp lifted its position in shares of Dollar Tree by 157.3% during the 1st quarter. Allstate Corp now owns 12,218 shares of the company’s stock worth $1,283,000 after buying an additional 7,470 shares during the last quarter. Cerebellum GP LLC lifted its position in shares of Dollar Tree by 27.2% during the 1st quarter. Cerebellum GP LLC now owns 3,282 shares of the company’s stock worth $345,000 after buying an additional 702 shares during the last quarter. Marshall Wace North America L.P. lifted its position in shares of Dollar Tree by 49.7% during the 1st quarter. Marshall Wace North America L.P. now owns 380,922 shares of the company’s stock worth $40,012,000 after buying an additional 126,434 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Dollar Tree by 305.5% during the 1st quarter. Marshall Wace LLP now owns 132,289 shares of the company’s stock worth $13,896,000 after buying an additional 99,666 shares during the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.
In related news, Director Thomas A. Saunders sold 11,470 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $110.52, for a total value of $1,267,664.40. Following the completion of the sale, the director now directly owns 2,394,164 shares in the company, valued at approximately $264,603,005.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert H. Rudman sold 5,110 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $104.43, for a total value of $533,637.30. The disclosure for this sale can be found here. Insiders sold a total of 74,983 shares of company stock valued at $8,056,645 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.
About Dollar Tree
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.