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 report published on Tuesday.

A number of other research analysts also recently issued reports on DLTR. Piper Sandler cut their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Sanford C. Bernstein started coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. Guggenheim lowered their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 6th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company reduced their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $88.11.

Dollar Tree Price Performance

DLTR traded down $1.20 during trading on Tuesday, hitting $64.47. The company’s stock had a trading volume of 638,292 shares, compared to its average volume of 3,306,143. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of -13.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87. The firm’s 50 day moving average price is $68.00 and its two-hundred day moving average price is $92.74. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released 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). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts forecast that Dollar Tree will post 5.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Envestnet Portfolio Solutions Inc. grew its position in shares of Dollar Tree by 4.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,410 shares of the company’s stock valued at $720,000 after purchasing an additional 239 shares during the last quarter. Empowered Funds LLC grew its position in shares of Dollar Tree by 31.1% in the first quarter. Empowered Funds LLC now owns 2,750 shares of the company’s stock valued at $366,000 after purchasing an additional 653 shares during the last quarter. Inspire Investing LLC grew its position in shares of Dollar Tree by 5.9% in the first quarter. Inspire Investing LLC now owns 3,314 shares of the company’s stock valued at $441,000 after purchasing an additional 185 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Dollar Tree by 165.6% in the first quarter. Russell Investments Group Ltd. now owns 157,400 shares of the company’s stock valued at $20,950,000 after buying an additional 98,134 shares during the period. Finally, Bleakley Financial Group LLC boosted its stake in shares of Dollar Tree by 13.8% in the first quarter. Bleakley Financial Group LLC now owns 2,781 shares of the company’s stock valued at $370,000 after buying an additional 337 shares during the period. Institutional investors and hedge funds 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.