ValuEngine downgraded shares of Dollar Tree (NASDAQ:DLTR) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.
Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Dollar Tree from a neutral rating to an overweight rating and set a $122.00 target price for the company in a report on Tuesday, June 11th. BidaskClub lowered shares of Dollar Tree from a buy rating to a hold rating in a research report on Tuesday, July 23rd. BMO Capital Markets dropped their price target on shares of Dollar Tree from $105.00 to $102.00 and set a market perform rating on the stock in a research report on Friday, May 31st. TheStreet upgraded shares of Dollar Tree from a c rating to a b- rating in a research report on Thursday, May 30th. Finally, KeyCorp restated an overweight rating and set a $115.00 price target (up previously from $108.00) on shares of Dollar Tree in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. Dollar Tree currently has a consensus rating of Buy and an average price target of $103.98.
Dollar Tree stock traded down $0.82 during midday trading on Thursday, reaching $96.87. The stock had a trading volume of 2,422,473 shares, compared to its average volume of 1,440,622. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 1.07. Dollar Tree has a 52-week low of $78.78 and a 52-week high of $113.38. The company has a market capitalization of $24.17 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.96 and a beta of 0.52. The stock has a fifty day simple moving average of $108.65.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, May 30th. The company reported $1.14 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.14. The business had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.78 billion. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 EPS. On average, equities analysts forecast that Dollar Tree will post 5.19 EPS for the current fiscal year.
In other Dollar Tree news, insider Joshua R. Jewett sold 3,632 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $101.67, for a total transaction of $369,265.44. Following the sale, the insider now owns 6,262 shares in the company, valued at approximately $636,657.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Jacobs sold 8,672 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $107.63, for a total value of $933,367.36. Following the sale, the insider now owns 7,733 shares in the company, valued at approximately $832,302.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,789 shares of company stock worth $8,203,018. 1.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its stake in Dollar Tree by 47.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after acquiring an additional 97 shares in the last quarter. Berman Capital Advisors LLC grew its stake in shares of Dollar Tree by 52.5% in the 1st quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock valued at $32,000 after buying an additional 105 shares in the last quarter. Coastal Investment Advisors Inc. grew its stake in shares of Dollar Tree by 1,515.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock valued at $34,000 after buying an additional 303 shares in the last quarter. Bremer Bank National Association bought a new stake in shares of Dollar Tree in the 1st quarter valued at approximately $45,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of Dollar Tree in the 1st quarter valued at approximately $62,000. Hedge funds and other institutional investors own 94.35% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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