Dollar Tree (NASDAQ:DLTR) Upgraded to Hold by Redburn Atlantic

Redburn Atlantic upgraded shares of Dollar Tree (NASDAQ:DLTR) to a hold rating in a research report sent to investors on Monday morning, Zacks.com reports.

DLTR has been the subject of several other research reports. UBS Group dropped their price target on shares of Dollar Tree from $155.00 to $105.00 and set a buy rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company dropped their price target on shares of Dollar Tree from $130.00 to $100.00 and set an overweight rating for the company in a research note on Thursday, September 5th. Truist Financial dropped their price target on shares of Dollar Tree from $140.00 to $79.00 and set a buy rating for the company in a research note on Thursday, September 5th. Citigroup dropped their price target on shares of Dollar Tree from $120.00 to $64.00 and set a neutral rating for the company in a research note on Thursday, September 5th. Finally, Guggenheim dropped their price target 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. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of Hold and an average price target of $91.40.

Dollar Tree Stock Performance

Shares of Dollar Tree stock 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 has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a market capitalization of $15.67 billion, a P/E ratio of -15.88, a P/E/G ratio of 3.04 and a beta of 0.87. The company’s 50 day moving average price is $88.03 and its two-hundred day moving average price is $107.72.

Dollar Tree (NASDAQ:DLTR) last issued 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). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. 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 business earned $0.91 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction 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 purchase, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree during the fourth quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree during the second quarter valued at about $26,000. United Community Bank acquired a new position in shares of Dollar Tree during the fourth quarter valued at about $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree during the first quarter valued at about $28,000. Finally, Mather Group LLC. grew its holdings in shares of Dollar Tree by 198.9% during the second 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. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.