The stock of Dollar Tree, Inc. (NASDAQ:DLTR) is a huge mover today! About 2.21 million shares traded hands. Dollar Tree, Inc. (NASDAQ:DLTR) has declined 3.01% since March 3, 2016 and is downtrending. It has underperformed by 11.35% the S&P500.
The move comes after 7 months positive chart setup for the $18.02 billion company. It was reported on Oct, 6 by Barchart.com. We have $128.32 PT which if reached, will make NASDAQ:DLTR worth $11.71B more.
Dollar Tree, Inc. (NASDAQ:DLTR) Ratings Coverage
Out of 22 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 11 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 50% are positive. Dollar Tree Inc. has been the topic of 43 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Hold” rating by Deutsche Bank on Friday, May 27. The stock has “Neutral” rating given by Citigroup on Wednesday, August 31. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Hold” rating by TheStreet on Thursday, September 3. Credit Suisse maintained it with “Underperform” rating and $70 target price in Wednesday, March 2 report. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, March 2 report. The firm has “Buy” rating given on Tuesday, February 23 by Buckingham Research. M Partners downgraded it to “Neutral” rating and $80 target price in Friday, August 26 report. The firm earned “Market Perform” rating on Tuesday, May 31 by BMO Capital Markets. The firm has “Buy” rating by UBS given on Friday, August 26. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Top Pick” rating given on Friday, December 4 by RBC 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 1.09 in 2016 Q2. Its down 0.03, from 1.12 in 2016Q1. The ratio fall, 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.
Crestwood Capital Management L P holds 1.25% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 53,000 shares. Creative Planning holds 0.01% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 7,969 shares. Pacad has invested 0.13% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Glg Lp holds 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 168 shares. Alta Capital Mgmt Ltd Liability Corporation has invested 4.28% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). National Bank has 0.01% invested in the company for 280 shares. South State Corp last reported 3,331 shares in the company. Keybank Association Oh accumulated 0.02% or 33,965 shares. Sg Americas Securities Lc last reported 0.02% of its portfolio in the stock. The New Jersey-based Pennant Cap Mngmt Ltd Co has invested 4.66% in Dollar Tree, Inc. (NASDAQ:DLTR). Livforsakringsbolaget Skandia Omsesidigt holds 0.1% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 23,412 shares. Manufacturers Life Ins Com The accumulated 0.03% or 237,336 shares. Nuveen Asset Mgmt Limited Liability Co last reported 0.19% of its portfolio in the stock. Mizuho Bk Ltd last reported 369,806 shares in the company. Pictet Asset Ltd last reported 122,210 shares in the company.
Insider Transactions: Since April 23, 2016, the stock had 3 insider buys, and 8 sales for $7.37 million net activity. On Tuesday, May 31 Old William A. JR sold $235,440 worth of the stock or 2,616 shares. Another trade for 5,000 shares valued at $477,500 was sold by SAUNDERS THOMAS A. Witynski Michael A. had sold 4,964 shares worth $450,135. $203,776 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares were sold by Sullivan Barry W. 2,974 shares were sold by Matacunas Mike R., worth $269,154 on Wednesday, June 1. On Tuesday, August 30 the insider Lewis Lemuel E bought $124,950. $180,154 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was sold by RUDMAN ROBERT H on Saturday, April 23.
More news for Dollar Tree, Inc. (NASDAQ:DLTR) were recently published by: Investorplace.com, which released: “Why Dollar Tree, Inc. (DLTR), Dr Pepper Snapple Group Inc. (DPS) and Silver …” on October 04, 2016. Forbes.com‘s article titled: “Dollar Tree is Now Oversold (DLTR)” and published on October 04, 2016 is yet another important article.
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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