Dollar Tree, Inc. (NASDAQ:DLTR) Receives Average Recommendation of “Hold” from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received a consensus rating of “Hold” from the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $85.58.

A number of research analysts recently weighed in on the stock. Evercore ISI decreased their price target on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. UBS Group dropped their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Citigroup raised their price objective on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Loop Capital upped their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, Morgan Stanley decreased their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th.

Dollar Tree Stock Down 1.6 %

Dollar Tree stock opened at $74.77 on Thursday. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $151.21. The stock has a market capitalization of $16.07 billion, a PE ratio of -15.68, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The business has a 50 day simple moving average of $68.61 and a 200-day simple moving average of $82.12.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. On average, analysts anticipate that Dollar Tree will post 5.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Dollar Tree

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in Dollar Tree by 0.6% in the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company’s stock valued at $16,346,000 after buying an additional 1,485 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Dollar Tree by 193.1% in the 3rd quarter. Tidal Investments LLC now owns 20,130 shares of the company’s stock valued at $1,416,000 after acquiring an additional 13,263 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Dollar Tree by 37.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,041 shares of the company’s stock worth $667,000 after acquiring an additional 2,745 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its holdings in Dollar Tree by 59.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 42,718 shares of the company’s stock valued at $3,004,000 after purchasing an additional 15,875 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.