Dollar Tree, Inc. (NASDAQ:DLTR) was upgraded by stock analysts at Cleveland Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

DLTR has been the topic of several other reports. Citigroup Inc. reissued a “neutral” rating and set a $86.00 target price (up from $85.00) on shares of Dollar Tree in a research note on Sunday, June 11th. BidaskClub lowered shares of Dollar Tree from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Loop Capital restated a “hold” rating and issued a $80.00 price target on shares of Dollar Tree in a research note on Friday, June 23rd. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $65.00 price target on shares of Dollar Tree in a report on Friday, June 30th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price target on shares of Dollar Tree in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. Dollar Tree presently has an average rating of “Buy” and a consensus price target of $88.91.

Shares of Dollar Tree (NASDAQ:DLTR) traded up 2.240% during trading on Wednesday, hitting $88.765. 1,220,602 shares of the stock were exchanged. The company has a market cap of $21.02 billion, a price-to-earnings ratio of 22.708 and a beta of 0.70. The firm has a 50 day moving average of $81.39 and a 200-day moving average of $76.83. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $91.41.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.12. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, analysts forecast that Dollar Tree will post $4.66 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Dollar Tree, Inc. (DLTR) Rating Increased to Buy at Cleveland Research” was originally reported by Marea Informative and is owned by of Marea Informative. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at http://www.mareainformativa.com/dollar-tree-inc-dltr-rating-increased-to-buy-at-cleveland-research/115279/.

In related news, insider Gary M. Philbin sold 9,950 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total value of $841,173.00. Following the completion of the sale, the insider now owns 34,532 shares in the company, valued at approximately $2,919,335.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Saunders sold 13,660 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the completion of the sale, the director now owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. Insiders have sold 33,849 shares of company stock valued at $2,528,548 over the last ninety days. Insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Dollar Tree by 1,996.3% during the 1st quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock valued at $1,131,717,000 after purchasing an additional 13,736,060 shares during the period. FMR LLC lifted its holdings in shares of Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after purchasing an additional 5,724,495 shares in the last quarter. Maverick Capital Ltd. lifted its holdings in shares of Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after purchasing an additional 3,777,579 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Dollar Tree by 116.0% in the second quarter. Renaissance Technologies LLC now owns 1,801,303 shares of the company’s stock valued at $125,947,000 after purchasing an additional 967,500 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Receive News & Stock Ratings for Dollar Tree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree Inc. and related stocks with our FREE daily email newsletter.