Stock of the Day: What Next for Dollar Tree, Inc. Stock After Today’s Big Increase?

Stock of the Day: What Next for Dollar Tree, Inc. Stock After Today's Big Increase?

The stock of Dollar Tree, Inc. (NASDAQ:DLTR) is a huge mover today! About 2.14M shares traded hands. Dollar Tree, Inc. (NASDAQ:DLTR) has declined 1.35% since April 14, 2016 and is downtrending. It has underperformed by 6.03% the S&P500.
The move comes after 7 months positive chart setup for the $19.18B company. It was reported on Nov, 16 by Barchart.com. We have $127.17 PT which if reached, will make NASDAQ:DLTR worth $11.12 billion more.

Dollar Tree, Inc. (NASDAQ:DLTR) Ratings Coverage

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. Dollar Tree Inc. has been the topic of 46 analyst reports since August 6, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 25 report. The rating was maintained by Credit Suisse on Wednesday, March 2 with “Underperform”. The firm has “Hold” rating by TheStreet given on Thursday, September 3. RBC Capital Markets upgraded Dollar Tree, Inc. (NASDAQ:DLTR) on Friday, December 4 to “Top Pick” rating. As per Tuesday, February 16, the company rating was upgraded by Morgan Stanley. Deutsche Bank maintained the stock with “Hold” rating in Friday, May 27 report. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, May 27. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Buy” rating by Topeka Capital Markets on Tuesday, May 24. UBS maintained Dollar Tree, Inc. (NASDAQ:DLTR) on Friday, August 26 with “Buy” rating. M Partners downgraded it to “Neutral” rating and $80 target price in Friday, August 26 report.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.03, from 1.12 in 2016Q1. The ratio dropped, 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.
World Asset Mngmt last reported 0.08% of its portfolio in the stock. Davenport Co last reported 0% of its portfolio in the stock. Keybank National Association Oh accumulated 33,965 shares or 0.02% of the stock. Allsquare Wealth Management Lc has 428 shares for 0.04% of their US portfolio. Cibc Asset Mngmt Inc accumulated 38,147 shares or 0.03% of the stock. Guardian Life Ins Of America owns 880 shares or 0.01% of their US portfolio. Oppenheimer Co Inc accumulated 0.02% or 6,217 shares. Eads & Heald Invest Counsel has 7,855 shares for 0.51% of their US portfolio. Quantitative Inv Mgmt Ltd holds 76,300 shares or 0.34% of its portfolio. Ledyard Bank holds 358 shares or 0.01% of its portfolio. Oakworth, a Alabama-based fund reported 7,000 shares. Clark Cap Management Grp, a Pennsylvania-based fund reported 2,375 shares. Cetera Advisor Networks Ltd Llc owns 6,688 shares or 0.04% of their US portfolio. Moreover, Great West Life Assurance Can has 0.09% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 286,131 shares. Finemark Fincl Bank & Tru has 284 shares for 0% of their US portfolio.

Insider Transactions: Since May 26, 2016, the stock had 3 insider buys, and 7 sales for $7.19 million net activity. SAUNDERS THOMAS A had sold 5,000 shares worth $477,500. Hall Conrad M. bought $428,000 worth of stock or 5,000 shares. The insider Lewis Lemuel E bought 1,560 shares worth $124,800. Another trade for 60,000 shares valued at $5.12M was sold by SASSER BOB. $235,440 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was sold by Old William A. JR on Tuesday, May 31. Matacunas Mike R. also sold $269,154 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares. The insider Sullivan Barry W sold $1.11M.

Another recent and important Dollar Tree, Inc. (NASDAQ:DLTR) news was published by Streetinsider.com which published an article titled: “Form 8-K DOLLAR TREE INC For: Nov 15” on November 15, 2016.

DLTR Company Profile

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.

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