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 issued on Tuesday morning.

Several other research firms have also issued reports on DLTR. Wells Fargo & Company decreased their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Guggenheim lowered their price objective 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. Evercore ISI cut their target price on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group cut their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $88.11.

Dollar Tree Trading Up 1.7 %

NASDAQ DLTR opened at $62.27 on Tuesday. 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 stock has a market capitalization of $13.39 billion, a P/E ratio of -12.76, a PEG ratio of 2.60 and a beta of 0.87. The firm’s 50-day moving average is $68.41 and its two-hundred day moving average is $93.54. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar Tree will post 5.34 earnings per share for the current year.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction on 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 acquisition, the director now owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of Dollar Tree

Institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar Tree in the second quarter valued at about $26,000. Mather Group LLC. lifted its position in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares during the period. Eastern Bank purchased a new position in shares of Dollar Tree in the 3rd quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar Tree in the second quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Dollar Tree by 105.6% during 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 last quarter. Hedge funds and other institutional investors 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.