Dollar Tree (NASDAQ:DLTR) Now Covered by Melius Research

Melius Research initiated coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research report sent to investors on Monday, Marketbeat.com reports. The firm issued a hold rating and a $70.00 target price on the stock.

A number of other analysts also recently issued reports on the stock. Citigroup dropped their target price on shares of Dollar Tree from $120.00 to $64.00 and set a neutral rating for the company in a research report on Thursday, September 5th. Evercore ISI cut their target price on shares of Dollar Tree from $128.00 to $78.00 and set an in-line rating on the stock in a research note on Thursday, September 5th. Piper Sandler decreased their price target on shares of Dollar Tree from $112.00 to $67.00 and set a neutral rating for the company in a research report on Thursday, September 5th. UBS Group lowered their price target on Dollar Tree from $155.00 to $105.00 and set a buy rating for the company in a report on Thursday, September 5th. Finally, Barclays reduced their price objective on Dollar Tree from $128.00 to $81.00 and set an equal weight rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $91.40.

Dollar Tree Stock Up 3.3 %

Shares of DLTR opened at $72.88 on Monday. Dollar Tree has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company’s fifty day moving average is $88.71 and its two-hundred day moving average is $107.97. The firm has a market cap of $15.67 billion, a PE ratio of -15.88, a price-to-earnings-growth ratio of 3.04 and a beta of 0.87. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS. Analysts forecast that Dollar Tree will post 5.33 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new position in Dollar Tree during the fourth quarter worth $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Dollar Tree during the second quarter worth $26,000. United Community Bank bought a new position in shares of Dollar Tree in the 4th quarter worth about $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree in the 1st quarter valued at about $28,000. Finally, Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.