Published: Thu, March 08, 2018
Finance | By Kristine Clayton

The Dollar Tree (DLTR) Downgraded to Hold at BidaskClub

The Dollar Tree (DLTR) Downgraded to Hold at BidaskClub

Public Employees Retirement System of OH now owns 102,557 shares of the company's stock valued at $7,171,000 after buying an additional 382 shares during the last quarter.

For fiscal 2017, net income increased 91.3% to $1.71 billion, or $7.21 per diluted share. The hedge fund run by Jonathon Jacobson held 2.34M shares of the consumer services company at the end of 2017Q3, valued at $203.27M, up from 1.00M at the end of the previous reported quarter. First Personal Financial Services acquired a new position in shares of Dollar Tree in the fourth quarter worth $165,000. Russell Investments Group Ltd. increased its position in shares of Dollar Tree by 78.9% during the 3rd quarter. According to analysts surveyed by Reuters, comps growth was expected to come in at 1.5% at Family Dollar and 4% at Dollar Tree. Thornburg Investment Management Inc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $91.99 billion market cap company. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $116.65. (NASDAQ:DLTR) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm has a Return on Assets (ROA) value of 6.30%. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. Regentatlantic Capital Llc sold 12,745 shares as the company's stock declined 0.40% while stock markets rallied.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 7th. This is the consensus number using estimates provided by polled analysts. The firm had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $6.39 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%.

Consolidated net sales rose 7.4% to $22.25 billion, and enterprise same-store sales rose 1.9% on a constant currency basis - the latter driven by increases in comparable transaction count and average ticket. If we look at Dollar Tree's performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of almost 7.4%. (DLTR). A frequently used tool among technical stock analysts is the moving average. This implies that they believe the stock has what it takes to lift the price another 14.39%. Wells Fargo & Co restated an "outperform" rating and set a $138.00 target price (up previously from $132.00) on shares of Dollar Tree in a report on Tuesday, January 23rd. Finally, Loop Capital raised their target price on Dollar Tree from $94.00 to $100.00 and gave the stock a hold rating in a research note on Monday, February 12th. Out of the covering analysts polled by Zacks Research, 9 have put a Strong Buy or Buy rating on the stock. Dollar Tree, Inc. (NASDAQ:DLTR) current has a Beta score of 0.76.

In other news, Director Thomas A. Saunders sold 12,440 shares of the company's stock in a transaction on Friday, December 8th. The stock was sold at an average price of $108.15, for a total value of $1,345,386.00. Following the transaction, the director now owns 2,326,702 shares of the company's stock, valued at $251,632,821.30. Pennsylvania Com has invested 0.01% of its portfolio in Dollar Tree, Inc. "(DLTR) Holdings Boosted by Sunriver Management LLC" was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2018/03/07/dollar-tree-dltr-pt-lowered-to-128-00.html.

Following previous ticker characteristics, Dollar Tree, Inc. Old William A. JR sold $136,062 worth of Dollar Tree, Inc.

By segment, comps were up 3.4% for Dollar Tree and 0.4% for Family Dollar.

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