BidaskClub upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a research report report published on Saturday, BidAskClub reports.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Dollar Tree from a hold rating to a sell rating and set a $90.00 price target on the stock. in a research report on Wednesday, May 27th. Morgan Stanley upped their price objective on Dollar Tree from $105.00 to $108.00 and gave the stock an equal weight rating in a report on Thursday, June 4th. KeyCorp upped their price objective on Dollar Tree from $90.00 to $110.00 and gave the stock an overweight rating in a report on Friday, May 29th. Citigroup upped their price objective on Dollar Tree from $103.00 to $115.00 and gave the stock a buy rating in a report on Friday, May 29th. Finally, Loop Capital upped their price objective on Dollar Tree from $74.00 to $90.00 and gave the stock a hold rating in a report on Friday, May 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $102.50.
DLTR stock opened at $92.62 on Friday. The business has a 50 day moving average price of $87.54 and a 200 day moving average price of $85.25. The stock has a market cap of $22.13 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.05 and a beta of 0.61. Dollar Tree has a fifty-two week low of $60.20 and a fifty-two week high of $119.71. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 1.24.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, May 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. The firm had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Dollar Tree had a return on equity of 18.69% and a net margin of 3.35%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. As a group, sell-side analysts anticipate that Dollar Tree will post 4.65 EPS for the current year.
A number of large investors have recently made changes to their positions in DLTR. Eudaimonia Partners LLC acquired a new stake in Dollar Tree during the first quarter worth about $26,000. Bessemer Group Inc. increased its stake in Dollar Tree by 335.7% during the first quarter. Bessemer Group Inc. now owns 366 shares of the company’s stock worth $27,000 after acquiring an additional 282 shares during the last quarter. First Bank & Trust acquired a new stake in Dollar Tree during the first quarter worth about $41,000. Bainco International Investors acquired a new stake in Dollar Tree during the first quarter worth about $41,000. Finally, CSat Investment Advisory L.P. increased its stake in Dollar Tree by 53.1% during the fourth quarter. CSat Investment Advisory L.P. now owns 591 shares of the company’s stock worth $55,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 89.58% of the company’s stock.
About Dollar Tree
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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