Dollar Tree takes Deals in new direction

Brokerage firms and investors will be watching when Dollar Tree, Inc. Following the completion of the sale, the chief operating officer now directly owns 18,227 shares of the company’s stock, valued at approximately $1,208,632.37. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 8.35%. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.42. (NASDAQ:DLTR) has been given a Buy-Sell rating of 2.02 by Zacks Research. The 52-week high of Dollar Tree, Inc. The business earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.04 billion. This helps identify the daily attitude of an equity based on news reports and articles and whether or not the news might positively or negatively impact the stock, based on a -1 to 1 scale. RBC Capital raised their price objective on Dollar Tree from $90.00 to $91.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th.

Dollar Tree, Inc. has lost 7.44% in the last five trading days and dropped 5.13% in the last 4 weeks. Analysts are anticipating earnings of $0.82 for the current fiscal quarter, which closes on 2015-10-31 for the firm. The stock was bought at an average cost of $66.20 per share, with a total value of $331,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Following the acquisition, the director now owns 3,700 shares in the company, valued at approximately $247,160.

“Now that we have successfully completed our acquisition of more than 8,200 Family Dollar stores, we are confident that we can better serve our Deals customers and markets through one of our primary banners – Dollar Tree, which offers tremendous values for needs and wants at the single price-point of $1 or Family Dollar, your neighborhood discount variety store which provides name-brand and quality private-brand consumable products at everyday low prices”.

Dollar stores have taken market share from bigger rivals by offering less-expensive, everyday products and by scattering more small-footprint stores in locations that make it easy for shoppers to run errands quickly.

Dollar Tree’s website lists seven Deals stores in South Hampton Roads – three in Norfolk, and one each in Chesapeake, Portsmouth, Suffolk and Virginia Beach. North America’s leading operator of discount variety stores, today announced plans to re-brand its Deals banner. Valentine’s Day, Easter, Halloween and Christmas products, its seasonal goods contain.