Credit Suisse Group reaffirmed their equal weight rating on shares of Dollar Tree (NASDAQ:DLTR) in a report released on Monday.
A number of other equities research analysts have also commented on DLTR. ValuEngine upgraded shares of Dollar Tree from a sell rating to a hold rating in a report on Friday, November 30th. JPMorgan Chase & Co. dropped their price objective on shares of Dollar Tree to $90.00 in a report on Sunday, December 2nd. BidaskClub upgraded shares of Dollar Tree from a hold rating to a buy rating in a report on Friday, October 19th. Royal Bank of Canada raised their price objective on shares of Dollar Tree from $94.00 to $98.00 and gave the stock an outperform rating in a report on Friday, November 30th. Finally, Barclays set a $84.00 price objective on shares of Dollar Tree and gave the stock a hold rating in a report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. Dollar Tree currently has a consensus rating of Hold and an average price target of $101.64.
Shares of NASDAQ:DLTR opened at $86.25 on Monday. Dollar Tree has a 12 month low of $78.78 and a 12 month high of $116.65. The company has a current ratio of 2.22, a quick ratio of 0.48 and a debt-to-equity ratio of 0.63. The firm has a market cap of $20.52 billion, a P/E ratio of 17.75, a P/E/G ratio of 1.15 and a beta of 0.65.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, November 29th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.55 billion. During the same period last year, the business posted $1.01 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts predict that Dollar Tree will post 5.45 earnings per share for the current fiscal year.
In other news, Director Lemuel E. Lewis acquired 1,210 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was bought at an average price of $82.75 per share, with a total value of $100,127.50. Following the transaction, the director now directly owns 20,114 shares in the company, valued at approximately $1,664,433.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Fiduciary Management Inc. WI bought a new position in shares of Dollar Tree in the 3rd quarter valued at about $266,051,000. FMR LLC grew its position in shares of Dollar Tree by 15.1% in the 3rd quarter. FMR LLC now owns 22,046,619 shares of the company’s stock valued at $1,797,902,000 after acquiring an additional 2,890,549 shares during the period. Scharf Investments LLC bought a new position in shares of Dollar Tree in the 2nd quarter valued at about $113,994,000. Janus Henderson Group PLC grew its position in shares of Dollar Tree by 183.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,893,177 shares of the company’s stock valued at $160,920,000 after acquiring an additional 1,225,950 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of Dollar Tree by 12.4% in the 2nd quarter. Macquarie Group Ltd. now owns 7,717,972 shares of the company’s stock valued at $656,029,000 after acquiring an additional 852,139 shares during the period. 92.14% of the stock is owned by 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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