Buckingham Research upgraded shares of Dollar Tree (NASDAQ:DLTR) from a neutral rating to a buy rating in a report published on Tuesday, MarketBeat.com reports.
A number of other analysts have also recently weighed in on the stock. Gordon Haskett raised shares of Dollar Tree from a hold rating to an accumulate rating and set a $110.00 target price on the stock in a report on Monday, January 7th. BidaskClub raised shares of Dollar Tree from a buy rating to a strong-buy rating in a report on Friday, January 4th. ValuEngine cut shares of Dollar Tree from a buy rating to a hold rating in a report on Wednesday, January 2nd. Sanford C. Bernstein upgraded shares of Dollar Tree from a market perform rating to an outperform rating and set a $85.44 price target for the company in a research report on Friday, December 14th. Finally, Morgan Stanley lowered their price target on shares of Dollar Tree from $95.00 to $90.00 in a research report on Sunday, December 9th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Dollar Tree has an average rating of Hold and an average price target of $100.96.
DLTR opened at $97.28 on Tuesday. The firm has a market capitalization of $23.12 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22. Dollar Tree has a 12-month low of $78.78 and a 12-month high of $116.65.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.03. The company had revenue of $5.54 billion for 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. As a group, equities research analysts anticipate that Dollar Tree will post 5.45 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in DLTR. Price Capital Management Inc. bought a new position in Dollar Tree in the 3rd quarter valued at about $106,000. SRS Capital Advisors Inc. boosted its position 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 valued at $115,000 after purchasing an additional 1,009 shares in the last quarter. Stelac Advisory Services LLC bought a new position in shares of Dollar Tree during the 3rd quarter valued at about $121,000. Bbva Compass Bancshares Inc. bought a new position in shares of Dollar Tree during the 3rd quarter valued at about $147,000. Finally, grace capital bought a new position in shares of Dollar Tree during the 2nd quarter valued at about $153,000. Hedge funds and other institutional investors own 92.04% of the company’s stock.
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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