Dollar Tree (NASDAQ:DLTR) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a research note released on Tuesday.

Several other brokerages have also recently commented on DLTR. The Goldman Sachs Group reduced their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Wells Fargo & Company reduced their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. BMO Capital Markets cut Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. UBS Group reduced their price objective on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Melius Research assumed coverage on Dollar Tree in a report on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price on the stock. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.11.

Dollar Tree Price Performance

Shares of DLTR opened at $62.27 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $68.41 and its two-hundred day moving average is $93.54. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $151.21. The firm has a market capitalization of $13.39 billion, a PE ratio of -12.76, a P/E/G ratio of 2.60 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period in the prior year, the company earned $0.91 EPS. The company’s revenue was up .7% on a year-over-year basis. Research analysts anticipate that Dollar Tree will post 5.34 earnings per share for the current year.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors have recently bought and sold shares of DLTR. Daiwa Securities Group Inc. boosted its holdings in shares of Dollar Tree by 9.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 41,216 shares of the company’s stock valued at $2,898,000 after purchasing an additional 3,680 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Dollar Tree in the 3rd quarter worth $5,235,000. Citigroup Inc. boosted its holdings in Dollar Tree by 30.3% in the third quarter. Citigroup Inc. now owns 449,763 shares of the company’s stock valued at $31,627,000 after acquiring an additional 104,684 shares during the last quarter. Raymond James Trust N.A. grew its position in Dollar Tree by 66.3% during the third quarter. Raymond James Trust N.A. now owns 8,309 shares of the company’s stock valued at $584,000 after acquiring an additional 3,313 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Dollar Tree by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock worth $88,141,000 after acquiring an additional 10,681 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

About Dollar Tree

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.