Published: Wed, November 22, 2017
Business | By Max Garcia

Dollar Tree profit beats estimates on higher customer traffic

Dollar Tree profit beats estimates on higher customer traffic

The legal version of this piece can be read at https://www.thelincolnianonline.com/2017/11/21/dollar-tree-inc-dltr-price-target-raised-to-115-00-at-bank-of-america-corporation.html. BlueMountain Capital Management LLC now owns 1,518 shares of the company's stock valued at $106,000 after buying an additional 825 shares during the last quarter. Tocqueville Asset Management L P reported 0.02% in Dollar Tree, Inc. 210.13 million shares or 1.98% less from 214.37 million shares in 2017Q1 were reported. Dollar Tree Inc. had 81 analyst reports since August 6, 2015 according to SRatingsIntel.

"Indeed, it is notable that numerous group's core customers have seen their financial positions improve modestly over the course of this year, yet their loyalty and share of spending at both Dollar Tree and Family Dollar have largely remained the same or increased", he said.

Taking a look at several key technical indicators, the stock's price is $100.15 and their relative strength index (RSI) stands at 79.83. Cambridge Trust Company bought 15,156 shares as the company's stock rose 0.43% with the market. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Dollar Tree by 0.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company's stock worth $131,000 after buying an additional 36 shares in the last quarter. It turned negative, as 57 investors sold DD shares while 439 reduced holdings. Aperio Group LLC's holdings in Dollar Tree were worth $6,764,000 as of its most recent SEC filing. If you are accessing this story on another publication, it was copied illegally and reposted in violation of worldwide copyright laws. At the moment, the average analyst rating for DLTR is Moderate Buy. The Manor Road Capital Partners Llc holds 300,000 shares with $20.98M value, down from 800,000 last quarter.

While we have already looked at Dollar Tree, Inc beta and P/E ratio, the EPS can not be ignored. Jefferies maintained the stock with "Hold" rating in Tuesday, August 15 report.

Verizon (VZ.N) boosted the telecom services sector of the S&P 500 with a 1.7 percent advance to $46.20 after a Wells Fargo note highlighted the stock's valuation and said it is "an attractive yield play". (NYSE:RYL), 0 have Buy rating, 0 Sell and 2 Hold.

Due to its strong earnings report for the third quarter of the year, Dollar Tree, Inc. has increased its guidance for 2017.

When choosing stocks, many investors search for what Wall Street professionals think about the company first - like what the average rating is.

DLTR stock was up 1% as of noon Tuesday and is up 27% year-to-date. Macon F. Jr Brock, Chairman Emeritus sold $5,735,520 worth of shares at an average price of $91.04 on October 13th. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. On the opposite end, shares have been trading 18.14% away from the 50-day low price. The disclosure for this sale can be found here. The shares price has positioned 29.57% up over the past quarter while it has directed 23.16% toward a rising position throughout past six months. Following the completion of the transaction, the chairman now owns 1,128,795 shares of the company's stock, valued at $102,867,088.35. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) on Tuesday, October 3 with "Buy" rating. (NASDAQ:DLTR). In the latest session the stock moved 2.09%, putting the stock value at $97.11. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Monday, November 20th. Analysts on average had expected earnings of 90 cents per share. Dollar Tree, Inc.'s Return on Equity (ROE) is 16.90%, measure their profitability and reveals how much profit they generate with the money their shareholders. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.28 billion.

Will shares of Dollar Tree, Inc.

Dollar Tree, Inc., launched on February 22, 2008, is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. While Dollar Tree banner posted comps growth of 5% (in constant-currency), comps at the Family Dollar banner climbed 1.5%. "One of the main reasons for this is that they like the convenience and localness of the stores in addition to the low prices they offer".

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