Dollar Tree (NASDAQ:DLTR) Shares Gap Up After Analyst Upgrade

Dollar Tree, Inc. (NASDAQ:DLTR) gapped up before the market opened on Thursday after Telsey Advisory Group raised their price target on the stock from $75.00 to $82.00. The stock had previously closed at $69.21, but opened at $70.76. Telsey Advisory Group currently has a market perform rating on the stock. Dollar Tree shares last traded at $73.12, with a volume of 2,002,063 shares.

Other research analysts also recently issued reports about the stock. BMO Capital Markets raised their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Loop Capital lifted their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. UBS Group dropped their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and a consensus price target of $84.26.

Institutional Investors Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of Dollar Tree by 14.4% in the 3rd quarter. Empowered Funds LLC now owns 3,453 shares of the company’s stock worth $243,000 after acquiring an additional 435 shares in the last quarter. Quest Partners LLC grew its holdings in Dollar Tree by 28.3% in the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock worth $141,000 after purchasing an additional 442 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $88,141,000 after purchasing an additional 10,681 shares during the last quarter. Daiwa Securities Group Inc. boosted its position 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 worth $2,898,000 after purchasing an additional 3,680 shares in the last quarter. Finally, Qsemble Capital Management LP grew its stake in shares of Dollar Tree by 54.0% in the 3rd quarter. Qsemble Capital Management LP now owns 17,784 shares of the company’s stock worth $1,251,000 after buying an additional 6,235 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 5.8 %

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 stock has a 50 day simple moving average of $71.03 and a 200-day simple moving average of $70.13. The firm has a market cap of $15.74 billion, a PE ratio of -15.33, a PEG ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the prior year, the firm earned $2.55 EPS. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree Company Profile

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.