The stock of Dollar Tree, Inc. (NASDAQ:DLTR) is a huge mover today! About 10.02M shares traded hands or 339.47% up from the average. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 0.21% since April 20, 2016 and is uptrending. It has underperformed by 4.35% the S&P500.
The move comes after 7 months positive chart setup for the $20.98B company. It was reported on Nov, 22 by Barchart.com. We have $96.88 PT which if reached, will make NASDAQ:DLTR worth $1.89 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. Cleveland initiated the shares of DLTR in a report on Wednesday, January 27 with “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Friday, November 6. Citigroup maintained Dollar Tree, Inc. (NASDAQ:DLTR) on Monday, June 6 with “Neutral” rating. Johnson Rice upgraded Dollar Tree, Inc. (NASDAQ:DLTR) on Tuesday, November 15 to “Accumulate” rating. The stock has “Equal-Weight” rating given by Morgan Stanley on Tuesday, February 16. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Buy” rating by Cantor Fitzgerald on Wednesday, September 2. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Top Pick” rating by RBC Capital Markets on Friday, May 27. The company was downgraded on Friday, August 26 by M Partners. The firm has “Buy” rating given on Tuesday, February 23 by Buckingham Research. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Buy” rating given on Tuesday, May 24 by Topeka Capital Markets.
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 1.03 in 2016 Q2. Its down 0.06, from 1.09 in 2016Q1. The ratio is negative, 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.
Texas Permanent School Fund accumulated 76,427 shares or 0.1% of the stock. Symphony Asset Mgmt Limited Liability Com last reported 0.04% of its portfolio in the stock. Fdx Advsrs, a California-based fund reported 30,691 shares. Smithfield Tru accumulated 0.03% or 1,652 shares. Cubist Systematic Strategies Ltd holds 0.06% or 10,901 shares in its portfolio. Advisor Prns Ltd Liability holds 2,753 shares or 0.09% of its portfolio. First Manhattan holds 0% or 700 shares in its portfolio. Meiji Yasuda Asset Mgmt last reported 24,910 shares in the company. Lombard Odier Asset Mngmt (Europe) has invested 0.01% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Moreover, Gateway Advisers Limited Liability has 0.03% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 43,120 shares. Mckinley Carter Wealth Svcs holds 1.41% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 28,777 shares. Bb&T Securities Limited Liability has 24,208 shares for 0.04% of their US portfolio. Fifth Third Comml Bank holds 23,073 shares or 0.02% of its portfolio. Scopus Asset Management L P accumulated 824,651 shares or 1.04% of the stock. Chevy Chase Trust owns 201,669 shares or 0.11% of their US portfolio.
Insider Transactions: Since May 26, 2016, the stock had 3 insider buys, and 6 sales for $2.07 million net activity. Shares for $5.12 million were sold by SASSER BOB on Thursday, May 26. Matacunas Mike R. sold 2,974 shares worth $269,154. $450,135 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares were sold by Witynski Michael A.. 5,000 shares were bought by Hall Conrad M., worth $428,000. $124,950 worth of shares were bought by Lewis Lemuel E on Tuesday, August 30. Old William A. JR sold $235,440 worth of stock. On Thursday, September 1 the insider Sullivan Barry W sold $203,776.
More notable recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Reuters.com which released: “Dollar Tree’s profit beats as Family Dollar purchase pays off” on November 22, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Dollar Tree Inc., 55.6% Follow-Through Indicator, 5 …” published on November 22, 2016, Nasdaq.com published: “Dollar Tree Inc. Reports 92% Gain In Q3 Profit” on November 22, 2016. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) were released by: Schaeffersresearch.com and their article: “Buzz Stocks: Dollar Tree, Inc., Hormel Foods Corp, and Star Bulk Carriers Corp.” published on November 22, 2016 as well as Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Open Higher; Dollar Tree Profit Beats Estimates” with publication date: November 22, 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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