Dollar Tree (NASDAQ:DLTR) had its price objective boosted by Citigroup from $87.00 to $93.00 in a report released on Tuesday. The firm currently has a neutral rating on the stock.
A number of other analysts have also recently commented on DLTR. ValuEngine upgraded shares of Dollar Tree from a sell rating to a hold rating in a research report on Friday, November 30th. Credit Suisse Group set a $96.00 price objective on shares of Dollar Tree and gave the company a buy rating in a research report on Monday, November 26th. JPMorgan Chase & Co. lowered their price objective on shares of Dollar Tree to $90.00 in a research report on Sunday, December 2nd. BidaskClub upgraded shares of Dollar Tree from a hold rating to a buy rating in a research report on Friday, October 19th. Finally, Royal Bank of Canada upped their price objective on shares of Dollar Tree from $94.00 to $98.00 and gave the company an outperform rating in a research report on Friday, November 30th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $101.64.
DLTR opened at $86.25 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.48. Dollar Tree has a 12 month low of $78.78 and a 12 month high of $116.65. The firm has a market capitalization of $20.52 billion, a P/E ratio of 17.75, a PEG ratio of 1.15 and a beta of 0.65.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, November 29th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.03. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The business had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.55 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar Tree will post 5.45 earnings per share for the current fiscal year.
In related news, Director Lemuel E. Lewis bought 1,210 shares of Dollar Tree stock in a transaction that occurred on Thursday, September 27th. The stock was purchased at an average cost of $82.75 per share, with a total value of $100,127.50. Following the purchase, the director now owns 20,114 shares in the company, valued at $1,664,433.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Price Capital Management Inc. acquired a new position in shares of Dollar Tree during the 3rd quarter worth about $106,000. SRS Capital Advisors Inc. boosted its stake in shares of Dollar Tree by 252.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock worth $115,000 after buying an additional 1,009 shares during the last quarter. Signet Financial Management LLC acquired a new position in shares of Dollar Tree during the 2nd quarter worth about $121,000. Stelac Advisory Services LLC acquired a new position in shares of Dollar Tree during the 3rd quarter worth about $121,000. Finally, grace capital acquired a new position in shares of Dollar Tree during the 2nd quarter worth about $153,000. 92.14% of the stock is owned by hedge funds and other institutional investors.
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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