Atlantic Equities Downgrades Dollar Tree to Underweight

Brokerage firm Atlantic Equities Downgrades its rating on Dollar Tree(NASDAQ:DLTR). The shares have been rated Underweight. Previously, the analysts had a Neutral rating on the shares. The rating by Atlantic Equities was issued on Sep 27, 2016.

In a different note, Barclays said it Initiates Coverage on Dollar Tree, according to a research note issued on Sep 23, 2016. The shares have been rated ‘Equal-weight’ by the firm. On Sep 6, 2016, Goldman Sachs said it Maintains its rating on Dollar Tree. The shares have been rated ‘Buy’ by the firm. On Aug 31, 2016, Citigroup said it Maintains its rating on Dollar Tree. In the research note, the firm Lowers the price-target to $100.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 26, 2016, UBS said it Maintains its rating on Dollar Tree. In the research note, the firm Lowers the price-target to $108.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Deutsche Bank said it Upgrades its rating on Dollar Tree. In the research note, the firm Raises the price-target to $82.00 per share. The shares have been rated ‘Buy’ by the firm.

Dollar Tree (DLTR) made into the market gainers list on Fridays trading session with the shares advancing 2.03% or 1.57 points. Due to strong positive momentum, the stock ended at $78.93, which is also near the day’s high of $79.32. The stock began the session at $77.47 and the volume stood at 41,24,962 shares. The 52-week high of the shares is $99.93 and the 52 week low is $60.31. The company has a current market capitalization of $18,610 M and it has 23,57,75,430 shares in outstanding.

Dollar Tree(DLTR) last announced its earnings results on Aug 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.00B. Analysts had an estimated revenue of $5.08B. Earnings per share were $0.72. Analysts had estimated an EPS of $0.73.

Several Insider Transactions has been reported to the SEC. On Sep 13, 2016, Lemuel E Lewis (director) purchased 1,560 shares at $80.00 per share price.Also, On Sep 2, 2016, Barry W Sullivan (Executive Vice President) sold 2,449 shares at $83.21 per share price.On Aug 30, 2016, Conrad M. Hall (director) purchased 5,000 shares at $85.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Dollar Tree Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic everyday items with seasonal closeout and promotional merchandise. As of July 06 2015 the Company operated more than 13600 stores across 48 states and five Canadian provinces. Its stores operate under the brands of Dollar Tree Dollar Tree Canada Deals and Family Dollar. Dollar Tree’s consumable merchandise includes candy and food health and beauty care and everyday consumables such as paper and chemicals and in select stores frozen and refrigerated food. The Company’s variety merchandise includes toys durable housewares gifts party goods greeting cards softlines and other items. Its seasonal goods include Valentine’s Day Easter Halloween and Christmas merchandise.

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