November 23, 2016 - By Ruchi Gupta
In analysts note revealed to investors on Wednesday morning, Dollar Tree (NASDAQ:DLTR) stock had its Buy Rating reaffirmed by expert analysts at Deutsche Bank. They currently have a $102.00 target on firm. Deutsche Bank’s target would indicate a potential upside of 15.06% from the company’s current stock price.
Out of 24 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 14 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 58% are positive. $102 is the highest target while $60 is the lowest. The $89.12 average target is 0.53% above today’s ($88.65) stock price. Dollar Tree Inc. has been the topic of 46 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, August 31 by Citigroup. The company was maintained on Tuesday, May 31 by BMO Capital Markets. The rating was initiated by Topeka Capital Markets with “Buy” on Tuesday, May 24. The company was initiated on Thursday, October 13 by KeyBanc Capital Markets. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Overweight” rating by JP Morgan on Friday, November 6. Atlantic Securities downgraded the shares of DLTR in a report on Tuesday, September 27 to “Underweight” rating. The company was maintained on Wednesday, March 2 by Deutsche Bank. Morgan Stanley upgraded Dollar Tree, Inc. (NASDAQ:DLTR) rating on Tuesday, February 16. Morgan Stanley has “Equal-Weight” rating and $90 price target. Citigroup maintained Dollar Tree, Inc. (NASDAQ:DLTR) rating on Monday, June 6. Citigroup has “Neutral” rating and $100 price target. The firm earned “Outperform” rating on Monday, February 8 by Telsey Advisory Group.
About 2.75M shares traded hands or 4.56% up from the average. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 8.28% since April 21, 2016 and is uptrending. It has outperformed by 2.95% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.06, from 1.09 in 2016Q1. The ratio worsened, as 45 funds sold all Dollar Tree, Inc. shares owned while 201 reduced positions. 68 funds bought stakes while 199 increased positions. They now own 219.56 million shares or 3.27% less from 226.99 million shares in 2016Q1.
Intersect Limited Liability last reported 6,614 shares in the company. Crawford Counsel holds 3,388 shares or 0.01% of its portfolio. Moore Lp accumulated 0.55% or 150,000 shares. Pnc Fin Group Incorporated has invested 0.06% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Forte Limited Liability Adv last reported 0.95% of its portfolio in the stock. Alkeon Capital Mgmt Limited Liability Company accumulated 3.19 million shares or 5.84% of the stock. Moreover, Commerzbank Aktiengesellschaft Fi has 0.01% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 13,454 shares. Moreover, Smithfield Trust Co has 0.03% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 1,652 shares. Nippon Life Insur Com accumulated 0.03% or 12,903 shares. Blackrock holds 0.09% or 1.84M shares in its portfolio. Price T Rowe Md has invested 0.01% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Prudential owns 326,630 shares or 0.05% of their US portfolio. The New York-based Evercore Wealth Management Limited Liability Corp has invested 0.01% in Dollar Tree, Inc. (NASDAQ:DLTR). Strs Ohio has 168,265 shares for 0.07% of their US portfolio. Da Davidson And last reported 68,801 shares in the company.
Insider Transactions: Since May 26, 2016, the stock had 3 buys, and 6 insider sales for $2.07 million net activity. Sullivan Barry W also sold $203,776 worth of Dollar Tree, Inc. (NASDAQ:DLTR) on Thursday, September 1. On Monday, August 29 Hall Conrad M. bought $428,000 worth of the stock or 5,000 shares. Lewis Lemuel E bought 1,560 shares worth $124,800. SAUNDERS THOMAS A sold $477,500 worth of stock. $235,440 worth of shares were sold by Old William A. JR on Tuesday, May 31. Witynski Michael A. sold 4,964 shares worth $450,135. Matacunas Mike R. also sold $269,154 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares.
Dollar Tree, Inc. is an operator of discount variety stores. The company has a market cap of $22.61 billion. The Firm operates approximately 13,851 discount variety retail stores. It has a 29.44 P/E ratio. The Company’s divisions include Dollar Tree and Family Dollar.
According to Zacks Investment Research, “Dollar Tree Stores, Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1.00 or less. Its stores successfully operate in major metropolitan areas, mid-sized cities and small towns and perform well in a variety of locations. They offer a wide range of quality everyday general merchandise in many categories, including housewares, seasonal goods, candy and food, toys, health and beauty care, gifts, party goods, stationery, books, personal accessories, and other consumer items.”
Dollar Tree, Inc., incorporated on February 22, 2008, is an operator of discount variety stores. The Firm operates approximately 13,851 discount variety retail stores in approximately 48 states and over five Canadian provinces. The Company’s divisions include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing clients with a selection of merchandise in neighborhood stores. The Company’s stores operate under the names of Dollar Tree, Family Dollar, Dollar Tree Canada, Deals and Dollar Tree Deals. The Dollar Tree segment includes its activities under the Dollar Tree, Dollar Tree Canada, Deals and Dollar Tree Deals brands, approximately 10 distribution centers in the United States and over two in Canada, and a Store Support Center in Chesapeake, Virginia. The Family Dollar segment consists of its activities under the Family Dollar brand, over 11 distribution centers and a Store Support Center in Matthews, North Carolina.
More important recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Reuters.com which released: “Dollar Tree’s profit beats as Family Dollar purchase pays off” on November 22, 2016, also Seekingalpha.com published article titled: “Wal-Mart Killing Dollar Tree: Dream On”, Nasdaq.com published: “Earnings Reaction History: Dollar Tree Inc., 55.6% Follow-Through Indicator, 5 …” on November 22, 2016. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) was released by: Nasdaq.com and their article: “Dollar Tree Inc. Reports 92% Gain In Q3 Profit” with publication date: November 22, 2016.
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By Ruchi Gupta