Dollar Tree (NASDAQ:DLTR) Rating Increased to Hold at Redburn Atlantic

Dollar Tree (NASDAQ:DLTR) was upgraded by equities research analysts at Redburn Atlantic to a “hold” rating in a report released on Monday, Zacks.com reports.

DLTR has been the topic of several other reports. UBS Group cut their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $111.00 to $70.00 in a report on Wednesday, September 4th. Piper Sandler decreased their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Guggenheim reduced their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Evercore ISI dropped their price target on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $91.40.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $72.88 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $88.03 and a 200-day simple moving average of $107.72. The company has a market cap of $15.67 billion, a PE ratio of -15.88, a P/E/G ratio of 3.04 and a beta of 0.87. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21.

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

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp increased its holdings in shares of Dollar Tree by 10.7% during the fourth quarter. Stifel Financial Corp now owns 91,959 shares of the company’s stock worth $13,063,000 after purchasing an additional 8,895 shares during the period. Scotia Capital Inc. increased its stake in Dollar Tree by 49.3% in the fourth quarter. Scotia Capital Inc. now owns 28,008 shares of the company’s stock valued at $3,977,000 after acquiring an additional 9,246 shares during the last quarter. Condor Capital Management increased its stake in Dollar Tree by 10.0% in the fourth quarter. Condor Capital Management now owns 15,593 shares of the company’s stock valued at $2,215,000 after acquiring an additional 1,412 shares during the last quarter. Meritage Group LP increased its stake in Dollar Tree by 4.3% in the fourth quarter. Meritage Group LP now owns 226,106 shares of the company’s stock valued at $32,118,000 after acquiring an additional 9,384 shares during the last quarter. Finally, United Community Bank bought a new position in Dollar Tree in the fourth quarter valued at approximately $27,000. 97.40% of the stock is owned by institutional investors.

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.