Stock Analysis:Dollar Tree Inc (NASDAQ:DLTR) Price Target Change
In an interesting research report revealed to clients by Bank of America (Merrill Lynch) on 11 December, Dollar Tree Inc (NASDAQ:DLTR) had its target PPS raised to $90.00. The firm right now has a solid Buy rating on shares.
From a total of 21 analysts covering Dollar Tree Inc. (NASDAQ:DLTR) stock, 12 rate it a ”Buy”, 2 a “Sell”, and 11 a ”Hold”. This means that 48% of the ratings are positive. The highest target price is $100 while the lowest target price is $60. The mean of all analyst targets is $81.92 with a 3.39% above today’s ($76.5) stock price. Dollar Tree Inc. was the topic of 22 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets upgraded shares on December 4 to “Top Pick” rating. Canaccord Genuity maintained DLTR stock in a recent report from September 11 with “Buy” rating. Finally, TheStreet downgraded the stock to “Hold” rating in a report issued on a September 3.
Approximately 2.41M shares of stock traded hands. Dollar Tree, Inc. (NASDAQ:DLTR) has declined 1.73% since May 8, 2015 and is downtrending. It has outperformed by 1.29% the S&P500.
The overall sentiment of institutions has increased to 1.46 in Q2 2015. Its up 0.74, from 0.72 in 2015Q2. The ratio improved, as 70 institutions have sold all the shares of Dollar Tree, Inc. that they owned while 154 funds have taken shares off the table. 67 funds have purchased shares for the first time while 261 added to their positions. These institutions now hold 237.05 million shares or 19.04% more than the 199.13 million shares they owned in 2015Q2.
The Fund Marianas Fund Management Llc currently is holding shares equating to 15.23% of its total portfolio in Dollar Tree, Inc. representing a total of 1.16 million shares. Another fund,Darsana Capital Partners Lp, is holding a total of 2.31 million shares equating to 9.28% of their holdings. Additionally, Akre Capital Management Llc has a 4.15 million share stake in Dollar Tree, Inc. which represents 6.41% of their total portfolio. The Fund, Conatus Capital Management Lp, based out of Connecticut, has also built up a stake in the stock, which represents a total of 6.35% of their total portfolio. Finally Nebula Capital Management Lp, a fund which is based in the state of Connecticut reported a total holdings of 126,445 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of Dollar Tree, Inc. have witnessed 1 insider buy, and a total of 1 insider sale equating to a net activity of approximately $56,664 . Witynski Michael A. sold 5,846 shares worth approximately $387,674. Hall Conrad M. bought 5,000 shares worth approximately $331,010. Sasser Bob sold 4,319 shares worth approximately $354,158. Rudman Robert H sold 6,344 shares worth approximately $513,864. The company insider Philbin Gary M sold 11,122 shares worth $929,010.
Dollar Tree, Inc. is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The company has a market cap of $18.27 billion. The Firm offers a selection of everyday basic products and also supplements these basic, everyday items with seasonal, closeout and promotional merchandise. It has 62.38 P/E ratio. As of July 06, 2015, the Company operated more than 13,600 stores across 48 states and five Canadian provinces.
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.” Get a free copy of the Zacks research report on Dollar Tree, Inc. (DLTR).