Dollar Tree (NASDAQ:DLTR) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
A number of other brokerages have also recently weighed in on DLTR. Bank of America lifted their price objective on Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Wells Fargo reaffirmed an “outperform” rating and issued a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 23rd. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective for the company in a research note on Tuesday, January 16th. Guggenheim reaffirmed a “buy” rating on shares of Dollar Tree in a research note on Wednesday, January 31st. Finally, Oppenheimer assumed coverage on Dollar Tree in a research note on Tuesday, January 16th. They issued an “outperform” rating and a $130.00 price objective for the company. Eight analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $109.68.
NASDAQ:DLTR opened at $100.52 on Tuesday. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $116.65. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $23,152.13, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. research analysts predict that Dollar Tree will post 5.7 EPS for the current fiscal year.
In other news, insider Robert H. Rudman sold 2,764 shares of the company’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $93.70, for a total transaction of $258,986.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arnold S. Barron sold 6,023 shares of the company’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $94.49, for a total value of $569,113.27. Following the transaction, the director now directly owns 26,667 shares of the company’s stock, valued at $2,519,764.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,861 shares of company stock valued at $1,398,752. Insiders own 2.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DLTR. Victory Capital Management Inc. boosted its position in shares of Dollar Tree by 2,567.0% during the 4th quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock worth $63,911,000 after acquiring an additional 573,238 shares in the last quarter. Capital Growth Management LP acquired a new position in shares of Dollar Tree during the 4th quarter worth about $49,363,000. Eagle Asset Management Inc. lifted its holdings in shares of Dollar Tree by 1,332.1% in the 4th quarter. Eagle Asset Management Inc. now owns 398,003 shares of the company’s stock valued at $42,730,000 after purchasing an additional 370,211 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new stake in shares of Dollar Tree in the 4th quarter valued at about $29,796,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Dollar Tree in the 4th quarter valued at about $29,170,000. 90.89% of the stock is owned by institutional investors and hedge funds.
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Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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