Dollar Tree (NASDAQ:DLTR) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a research note released on Thursday.

Several other research firms also recently weighed in on DLTR. Wells Fargo & Company dropped their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Sanford C. Bernstein assumed coverage on Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective on the stock. Morgan Stanley decreased their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, Melius Research assumed coverage on Dollar Tree in a report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective on the stock. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and an average target price of $86.63.

Dollar Tree Trading Down 1.7 %

DLTR stock opened at $72.56 on Thursday. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The company has a market capitalization of $15.60 billion, a price-to-earnings ratio of -15.21, a PEG ratio of 2.87 and a beta of 0.92. The business has a 50 day simple moving average of $67.58 and a two-hundred day simple moving average of $87.46.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts anticipate that Dollar Tree will post 5.35 EPS for the current fiscal year.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently bought and sold shares of DLTR. Strategic Financial Concepts LLC purchased a new stake in Dollar Tree in the second quarter worth $26,000. Mather Group LLC. increased its stake in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the period. Eastern Bank purchased a new stake in Dollar Tree in the third quarter worth $34,000. First Horizon Advisors Inc. increased its stake in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

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.