Dollar Tree (DLTR) was Resumed by Goldman to “Buy”. Goldman advised their investors in a research report released on Sep 6, 2016.
Many Wall Street Analysts have commented on Dollar Tree. Company shares were Upgraded by Deutsche Bank on Aug 1, 2016 to ” Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $82 .
On the company’s financial health, Dollar Tree reported $0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 25, 2016. Analyst had a consensus of $0.73. The company had revenue of $5000.00 million for the quarter, compared to analysts expectations of $5082.09 million. The company’s revenue was up 66.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Dollar Tree opened for trading at $82.39 and hit $83.75 on the upside on Thursday, eventually ending the session at $83.18, with a gain of 0.58% or 0.48 points. The heightened volatility saw the trading volume jump to 29,38,633 shares. Company has a market cap of $19,603 M.
In a different news, on Sep 2, 2016, Barry W Sullivan (Executive Vice President) sold 2,449 shares at $83.21 per share price. According to the SEC, on Aug 31, 2016, Lemuel E Lewis (director) purchased 1,470 shares at $85.00 per share price. On Aug 30, 2016, Conrad M. Hall (director) purchased 5,000 shares at $85.60 per share price, according to the Form-4 filing with the securities and exchange commission.
Dollar Tree Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic everyday items with seasonal closeout and promotional merchandise. As of July 06 2015 the Company operated more than 13600 stores across 48 states and five Canadian provinces. Its stores operate under the brands of Dollar Tree Dollar Tree Canada Deals and Family Dollar. Dollar Tree’s consumable merchandise includes candy and food health and beauty care and everyday consumables such as paper and chemicals and in select stores frozen and refrigerated food. The Company’s variety merchandise includes toys durable housewares gifts party goods greeting cards softlines and other items. Its seasonal goods include Valentine’s Day Easter Halloween and Christmas merchandise.