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Published: Fri, September 09, 2016
Economy | By Melissa Porter

Stock To Watch: Dollar Tree, Inc. (NASDAQ:DLTR)

Stock To Watch: Dollar Tree, Inc. (NASDAQ:DLTR)

For the current estimate trends of EPS, pool recommendation was $0.11 and for one month was $0.17. 1 analysts have suggested "Sell" for the company. 68 funds bought stakes while 199 increased positions. Brahman Capital Corp. boosted its position in Dollar Tree by 0.8% in the fourth quarter. The corporation has a market capitalization of US$26.55 Billion. Finally, Norges Bank purchased a new position in Dollar Tree during the fourth quarter valued at approximately $157,389,000. Dollar Tree makes up approx 0.01% of Global X Management Co's portfolio.Herndon Capital Management reduced its stake in DLTR by selling 7,671 shares or 40.79% in the most recent quarter. The latest trading activity of 2.85 Million shares is above its average volume of 2.07 Million shares. Carroll Financial Associates Inc. raised its position in Dollar Tree by 0.4% in the second quarter.

The stocks average daily volume is 2,046,880 shares out of a total float 213,208,000 of and some 2,850,573 shares crossed the trading desk yesterday, 11 percent higher than normal. Dollar Tree has a 52 week low of $60.31 and a 52 week high of $99.93. After the day began at $83.56, the company was seen hitting $83.75 as its intraday high price and $82.71 as its bottom price. In looking at volatility levels, the shares saw weekly volatility of 1.02% and 1.07% over the past month. Buckingham Research restated a buy rating and issued a $106.00 target price on shares of Dollar Tree in a research note on Wednesday, July 6th.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 25th.

Company mean estimate for revenue for the ongoing quarter ending Oct 16 is $5.08B by 18 analysts. (NASDAQ:DLTR) latest quarter ended on 31 Jul 2016, company announced earnings of $0.72. The business had revenue of $5.02 billion for the quarter, compared to analysts' expectations of $5.08 billion. The company's revenue was up 66.0% compared to the same quarter past year.

DLTR has price to earnings ratio of 27.65 and the price to current year EPS stands at -56.40%.

Professional investors such as these retain substantial teams of analysts that research thousands of stocks.

United States of America based company, Dollar Tree, Inc.'s (DLTR)'s latest closing price distance was -1.42% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -11.92% and -9.61% compared with the 20 Day Moving Average.

Point72 Asset Management scooped up 537,500 additional shares in Dollar Tree during the most recent quarter end, the firm said in a disclosure report filed with the SEC on Aug 15, 2016. Now the company has earned "Buy" from 3 equity analysts. (NASDAQ:DLTR) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The forecast of 7 polled investment analysts covering the stock advises investors to Buy stake in the company. Dollar Tree has a consensus rating of Buy and an average target price of $94.23.

In related news, Director Lemuel E. Lewis acquired 1,470 shares of the firm's stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $95.50, for a total transaction of $477,500.00. The company's institutional ownership is monitored at 74%.

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