Loop Capital upgraded shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to a buy rating in a report released on Wednesday, MarketBeat Ratings reports. They currently have $120.00 price target on the stock.
Several other equities research analysts have also commented on the stock. Wells Fargo restated an outperform rating and set a $138.00 target price (up from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 16th. Piper Jaffray upgraded shares of Dollar Tree from a neutral rating to an overweight rating and boosted their target price for the stock from $91.95 to $109.64 in a research report on Monday, March 26th. Zacks Investment Research lowered shares of Dollar Tree from a buy rating to a hold rating in a research report on Tuesday, January 2nd. Guggenheim started coverage on shares of Dollar Tree in a research report on Wednesday, January 10th. They set a buy rating and a $125.00 target price on the stock. Finally, Royal Bank of Canada decreased their target price on shares of Dollar Tree to $106.00 and set a top pick rating on the stock in a research report on Thursday, March 8th. Eight analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Dollar Tree presently has a consensus rating of Buy and a consensus target price of $109.68.
Shares of DLTR opened at $97.56 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. The firm has a market capitalization of $23,472.53, a price-to-earnings ratio of 20.07, a PEG ratio of 1.18 and a beta of 0.83. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $116.65.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.39 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share. equities research analysts expect that Dollar Tree will post 5.71 EPS for the current year.
In other news, Director Conrad M. Hall bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average price of $91.83 per share, with a total value of $918,300.00. Following the purchase, the director now owns 799 shares of the company’s stock, valued at approximately $73,372.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arnold S. Barron sold 6,023 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $94.49, for a total transaction of $569,113.27. Following the transaction, the director now directly owns 26,667 shares of the company’s stock, valued at approximately $2,519,764.83. The disclosure for this sale can be found here. Insiders sold a total of 14,861 shares of company stock valued at $1,398,752 in the last three months. 4.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Exane Derivatives acquired a new position in shares of Dollar Tree during the 4th quarter valued at about $104,000. Cerebellum GP LLC acquired a new position in shares of Dollar Tree during the 4th quarter valued at about $127,000. FTB Advisors Inc. increased its stake in shares of Dollar Tree by 249.2% during the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after acquiring an additional 992 shares during the last quarter. First Personal Financial Services acquired a new position in shares of Dollar Tree during the 4th quarter valued at about $165,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Dollar Tree by 38.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock valued at $203,000 after acquiring an additional 528 shares during the last quarter. 90.89% of the stock is owned by institutional investors.
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About Dollar Tree
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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