Finally Time to Make a Move? Oppenheimer Initiates Coverage On Dollar Tree (NASDAQ:DLTR) with $130 Price Target

January 18, 2018 - By Winifred Garcia

 Finally Time to Make a Move? Oppenheimer Initiates Coverage On Dollar Tree (NASDAQ:DLTR) with $130 Price Target

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.21, from 1.24 in 2017Q2. It fall, as 45 investors sold Dollar Tree, Inc. shares while 191 reduced holdings. 73 funds opened positions while 170 raised stakes. 202.27 million shares or 3.74% less from 210.13 million shares in 2017Q2 were reported.

Montag A & Inc holds 0.59% or 63,232 shares. Massachusetts Financial Serv Ma holds 0.08% or 2.13M shares. Etrade Cap Mngmt Limited Liability Com accumulated 42,871 shares or 0.13% of the stock. Iowa-based United Fire Group Inc has invested 0.18% in Dollar Tree, Inc. (NASDAQ:DLTR). Livforsakringsbolaget Skandia Omsesidigt has invested 0.04% in Dollar Tree, Inc. (NASDAQ:DLTR). Fred Alger Mngmt Inc invested in 0.1% or 244,788 shares. King Luther Corporation has 270,352 shares. Glg Limited Liability reported 0.07% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Thompson Siegel Walmsley invested in 1,000 shares or 0% of the stock. Grp One Trading Limited Partnership owns 0.02% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 24,453 shares. Boston Private Wealth Ltd Liability Corp stated it has 10,547 shares or 0.04% of all its holdings. Panagora Asset holds 0.24% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 697,463 shares. New York-based Pinebridge Invs Limited Partnership has invested 0.02% in Dollar Tree, Inc. (NASDAQ:DLTR). Wellington Mngmt Limited Liability Partnership, Massachusetts-based fund reported 1.41M shares. Employees Retirement Systems Of Texas invested in 13,745 shares.

Since September 12, 2017, it had 0 buys, and 6 sales for $9.14 million activity. BROCK MACON F JR sold $5.74 million worth of Dollar Tree, Inc. (NASDAQ:DLTR) on Thursday, October 12. 5,596 shares valued at $493,837 were sold by Jacobs David A. on Monday, September 25. SAUNDERS THOMAS A also sold $1.70 million worth of Dollar Tree, Inc. (NASDAQ:DLTR) on Wednesday, October 11. Old William A. JR had sold 1,487 shares worth $136,062.

Why Has Oppenheimer Given Dollar Tree (NASDAQ:DLTR) a $130 Price Target

The financial firm Oppenheimer has today has started coverage on Dollar Tree (NASDAQ:DLTR) shares, with a “Outperform” rating, while giving it the TP at $130.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.21, from 1.24 in 2017Q2. It fall, as 45 investors sold Dollar Tree, Inc. shares while 191 reduced holdings. 73 funds opened positions while 170 raised stakes. 202.27 million shares or 3.74% less from 210.13 million shares in 2017Q2 were reported.

Montag A & Inc holds 0.59% or 63,232 shares. Massachusetts Financial Serv Ma holds 0.08% or 2.13M shares. Etrade Cap Mngmt Limited Liability Com accumulated 42,871 shares or 0.13% of the stock. Iowa-based United Fire Group Inc has invested 0.18% in Dollar Tree, Inc. (NASDAQ:DLTR). Livforsakringsbolaget Skandia Omsesidigt has invested 0.04% in Dollar Tree, Inc. (NASDAQ:DLTR). Fred Alger Mngmt Inc invested in 0.1% or 244,788 shares. King Luther Corporation has 270,352 shares. Glg Limited Liability reported 0.07% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Thompson Siegel Walmsley invested in 1,000 shares or 0% of the stock. Grp One Trading Limited Partnership owns 0.02% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 24,453 shares. Boston Private Wealth Ltd Liability Corp stated it has 10,547 shares or 0.04% of all its holdings. Panagora Asset holds 0.24% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 697,463 shares. New York-based Pinebridge Invs Limited Partnership has invested 0.02% in Dollar Tree, Inc. (NASDAQ:DLTR). Wellington Mngmt Limited Liability Partnership, Massachusetts-based fund reported 1.41M shares. Employees Retirement Systems Of Texas invested in 13,745 shares.

Since September 12, 2017, it had 0 buys, and 6 sales for $9.14 million activity. BROCK MACON F JR sold $5.74 million worth of Dollar Tree, Inc. (NASDAQ:DLTR) on Thursday, October 12. 5,596 shares valued at $493,837 were sold by Jacobs David A. on Monday, September 25. SAUNDERS THOMAS A also sold $1.70 million worth of Dollar Tree, Inc. (NASDAQ:DLTR) on Wednesday, October 11. Old William A. JR had sold 1,487 shares worth $136,062.

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

Among 35 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 23 have Buy rating, 1 Sell and 11 Hold. Therefore 66% are positive. Dollar Tree Inc. has $132.0 highest and $60 lowest target. $101.52’s average target is -10.00% below currents $112.8 stock price. Dollar Tree Inc. had 94 analyst reports since August 6, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, August 25 report. RBC Capital Markets upgraded Dollar Tree, Inc. (NASDAQ:DLTR) on Friday, December 4 to “Top Pick” rating. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Buy” rating given on Friday, November 10 by RBC Capital Markets. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Neutral” rating given on Friday, August 26 by M Partners. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Buy” rating given on Monday, November 20 by Buckingham Research. Loop Capital Markets downgraded Dollar Tree, Inc. (NASDAQ:DLTR) on Friday, October 13 to “Hold” rating. On Wednesday, January 27 the stock rating was initiated by Cleveland with “Buy”. On Wednesday, December 20 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Bank of America upgraded the stock to “Buy” rating in Friday, September 4 report. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 24.

The stock decreased 0.07% or $0.08 during the last trading session, reaching $112.8. About 2.23 million shares traded or 2.79% up from the average. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 3.60% since January 18, 2017 and is uptrending. It has underperformed by 13.10% the S&P500.

Analysts await Dollar Tree, Inc. (NASDAQ:DLTR) to report earnings on March, 7. They expect $1.87 EPS, up 34.53 % or $0.48 from last year’s $1.39 per share. DLTR’s profit will be $443.36M for 15.08 P/E if the $1.87 EPS becomes a reality. After $1.01 actual EPS reported by Dollar Tree, Inc. for the previous quarter, Wall Street now forecasts 85.15 % EPS growth.

Dollar Tree, Inc. operates variety retail stores in the United States and Canada. The company has market cap of $26.74 billion. It operates in two divisions, Dollar Tree and Family Dollar. It has a 26.93 P/E ratio. The Dollar Tree segment offers merchandise at the fixed price of $1.00.

More notable recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Zacks.com which released: “Why Dollar Tree (DLTR) is Poised to Beat Earnings Estimates (Again) January 17 …” on January 17, 2018, also Wsj.com with their article: “Macon Brock, Dollar Tree Founder, Searched the World for Bargains” published on December 22, 2017, Benzinga.com published: “Oppenheimer Prefers Dollar General Over Dollar Tree, But Is Bullish On Both” on January 17, 2018. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) were released by: Businesswire.com and their article: “Dollar Tree Appoints Stephanie Stahl to Its Board of Directors” published on January 16, 2018 as well as Nasdaq.com‘s news article titled: “Dollar Tree (DLTR) Touches 52-Week High: Can it Soar Higher?” with publication date: January 08, 2018.

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