Dollar Tree (NASDAQ:DLTR) was downgraded by investment analysts at FIX from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, The Fly reports.
Several other brokerages have also recently weighed in on DLTR. Gordon Haskett raised shares of Dollar Tree from a “hold” rating to an “accumulate” rating and set a $110.00 price target for the company in a research report on Monday, January 7th. Buckingham Research raised shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Tuesday. ValuEngine cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub raised shares of Dollar Tree from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 4th. Finally, Morgan Stanley dropped their price target on shares of Dollar Tree from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, November 30th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Dollar Tree has an average rating of “Hold” and a consensus target price of $100.96.
Shares of Dollar Tree stock opened at $97.28 on Thursday. Dollar Tree has a 52-week low of $78.78 and a 52-week high of $116.65. The firm has a market capitalization of $23.12 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.30 and a beta of 0.50. 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 (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.03. The company had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.55 billion. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. As a group, equities research analysts forecast that Dollar Tree will post 5.45 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Fiduciary Management Inc. WI bought a new position in shares of Dollar Tree in the 3rd quarter worth about $266,051,000. FMR LLC increased its stake 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 worth $1,797,902,000 after acquiring an additional 2,890,549 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Dollar Tree by 9.6% in the 3rd quarter. Macquarie Group Ltd. now owns 8,455,473 shares of the company’s stock worth $689,544,000 after acquiring an additional 737,501 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Dollar Tree in the 2nd quarter worth about $51,247,000. Finally, Marshall Wace LLP increased its stake in shares of Dollar Tree by 2,473.9% in the 3rd quarter. Marshall Wace LLP now owns 587,834 shares of the company’s stock worth $47,938,000 after acquiring an additional 564,996 shares in the last quarter. 92.04% of the stock is owned by hedge funds and other institutional investors.
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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