The stock of Dollar Tree, Inc. (NASDAQ:DLTR) is a huge mover today! About 730,671 shares traded hands. Dollar Tree, Inc. (NASDAQ:DLTR) has declined 2.24% since March 11, 2016 and is downtrending. It has underperformed by 7.69% the S&P500.
The move comes after 6 months negative chart setup for the $18.45 billion company. It was reported on Oct, 14 by Barchart.com. We have $72.86 PT which if reached, will make NASDAQ:DLTR worth $1.11B less.
Dollar Tree, Inc. (NASDAQ:DLTR) Ratings Coverage
Out of 23 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 13 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 57% are positive. Dollar Tree Inc. has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Friday, August 26, the company rating was downgraded by M Partners. Citigroup maintained it with “Neutral” rating and $89 target price in Wednesday, August 31 report. The firm has “Buy” rating given on Friday, May 27 by UBS. The firm has “Buy” rating by Bank of America given on Friday, September 4. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Buy” rating by Deutsche Bank on Monday, October 10. The firm has “Hold” rating given on Wednesday, March 2 by Deutsche Bank. Citigroup maintained the shares of DLTR in a report on Monday, June 6 with “Neutral” rating. The company was maintained on Wednesday, November 25 by RBC Capital Markets. The company was upgraded on Tuesday, February 16 by Morgan Stanley. As per Friday, May 27, the company rating was maintained by Deutsche Bank.
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 dived, 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.
Proshare Advsrs Ltd Liability Company accumulated 89,732 shares or 0.11% of the stock. Eminence Cap Lp holds 1.1% or 577,464 shares in its portfolio. Bessemer Grp holds 60,148 shares or 0.03% of its portfolio. Eqis Cap Mgmt last reported 0.05% of its portfolio in the stock. Magee Thomson Inv Partners Limited Liability Corporation has 140,700 shares for 4.63% of their US portfolio. Cambridge Invest Research has 0.02% invested in the company for 8,901 shares. Moreover, Dimensional Fund Advisors Lp has 0.04% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 707,634 shares. Dnb Asset Mngmt As holds 0% or 18,255 shares in its portfolio. British Columbia Inv Management holds 111,534 shares or 0.09% of its portfolio. Pub Sector Pension Invest Board holds 0.05% or 44,641 shares in its portfolio. Commonwealth Financial Bank Of Australia has 0.02% invested in the company for 15,553 shares. Ubs Oconnor Limited Liability Co has invested 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Hightower Advsrs Lc has invested 0.01% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Allsquare Wealth Mngmt Limited Liability Company holds 0.04% or 428 shares in its portfolio. Concert Wealth Mgmt has 0.04% invested in the company for 3,193 shares.
Insider Transactions: Since April 23, 2016, the stock had 3 insider purchases, and 8 selling transactions for $7.37 million net activity. 2,232 shares were sold by RUDMAN ROBERT H, worth $180,154 on Saturday, April 23. Witynski Michael A. sold $450,135 worth of stock. $203,776 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was sold by Sullivan Barry W. SAUNDERS THOMAS A sold $477,500 worth of stock. Matacunas Mike R. had sold 2,974 shares worth $269,154 on Wednesday, June 1. Shares for $428,000 were bought by Hall Conrad M.. 2,616 shares were sold by Old William A. JR, worth $235,440.
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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