MKM Partners Reiterates Neutral Rating for Dollar Tree, Inc. (DLTR)
- Author: Zachary Reyes Mar 01, 2017,
Mar 01, 2017, 14:44
Crestwood Capital Management L.P. purchased a new position in Dollar Tree during the second quarter worth about $4,995,000.
A number of hedge funds and other institutional investors have recently made changes to their positions in DLTR. Mizuho Trust & Banking Co. AMP Capital Investors Ltd increased its position in shares of Dollar Tree by 57.8% in the third quarter. Cibc World Markets Corp now owns 15,870 shares of the company's stock worth $1,496,000 after buying an additional 1,791 shares during the period.
Dollar Tree is progressing well with its growth initiatives, which include store expansion strategies, enhancing store productivity, tapping new markets and incorporating innovative sales channels. (NYSE:TJX) last announced results for quarter ended on 31 Jan 2017, disclosing EPS of $1.03 The reported earnings per share topped the analyst's consensus by $0.03 with the percentage difference between estimated and actual earnings arriving at 3.00%. Quantitative Investment Management LLC increased its position in Dollar Tree by 124.8% in the third quarter. Its stores operate under the names of Dollar Tree, Family Dollar, Dollar Tree Canada, Deals and Dollar Tree Deals. The stock opened for trading at $77.67 and hit $81.24 on the upside, eventually ending the session at $79.41, with a gain of 2.37% or 1.84 points. The insider owns 1,237,500 shares as of 0.52%, now worth $98269875. Perhaps, that suggests something about why 1.93% of the outstanding share supply is held by institutional investors. The stock, after opening at $77.67, closed at $79.41 by scoring 2.37%.
The stock was able to keep return on assets at 5.33% in the trailing twelve month while Reuters data showed that industry's average stands at 6.75% and sector's optimum level is 5.38%.
Dollar Tree, Inc. has a 52 week low of $72.55 and a 52 week high of $99.93 with a P/E ratio of 22.62 The company's market cap is now $0. The High Revenue estimate is predicted as 5.68 Billion, while the Low Revenue Estimate prediction stands at 5.55 Billion. If you are reading this news story on another domain, it was stolen and reposted in violation of United States & worldwide trademark and copyright legislation. The correct version of this piece can be accessed at [[permalink]].
Several other research firms have also issued reports on DLTR.
11/15/2016 - Dollar Tree, Inc. was upgraded to "accumulate" by analysts at Johnson Rice. Loop Capital reissued a "hold" rating and set a $80.00 target price on shares of Dollar Tree in a research report on Tuesday.
1/19/2017-Goldman Sachs Group, Inc.
Dollar Tree, Inc. on 11/22/2016 reported its EPS as $0.72 with the analysts projecting the EPS of the stock as $0.78. Deutsche Bank AG reissued a "buy" rating and issued a $96.00 price target on shares of Dollar Tree in a research note on Friday, November 18th. Finally, Sanford C. Bernstein began coverage on shares of Dollar Tree in a research report on Monday, February 6th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. (NASDAQ:DLTR) raised the target price from $0.00 to $63.00.
In other news, insider Joshua R. Jewett sold 6,716 shares of the business's stock in a transaction dated Wednesday, November 30th. Following the completion of the sale, the insider now owns 6,063 shares in the company, valued at approximately $536,999.91.
As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock's prospects going forward.
Dollar Tree Stores, Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1.00 or less. The Company operates approximately 13,851 discount variety retail stores. For the next 5 years, Dollar Tree, Inc.is expecting Growth of 23.48% per annum, whereas in the past 5 years the growth was 8.18% per annum.
Dollar Tree has displayed remarkable comparable-store sales (comps) performance as it recorded its 35th straight quarter of comps growth in third-quarter fiscal 2016. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.