Dollar Tree (NASDAQ:DLTR) Stock Rating Upgraded by Redburn Atlantic

Dollar Tree (NASDAQ:DLTR) was upgraded by equities researchers at Redburn Atlantic to a “hold” rating in a report released on Monday, Zacks.com reports.

A number of other equities analysts also recently commented on the company. Truist Financial lowered their price objective on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. The Goldman Sachs Group reduced their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Guggenheim reduced their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Wells Fargo & Company dropped their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Finally, StockNews.com lowered Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.40.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $72.88 on Monday. The stock’s fifty day moving average is $88.03 and its two-hundred day moving average is $107.72. Dollar Tree has a 52 week low of $60.81 and a 52 week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $15.67 billion, a P/E ratio of -15.88, a P/E/G ratio of 3.04 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued 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). The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. Equities analysts expect that Dollar Tree will post 5.33 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dollar Tree

Several large investors have recently added to or reduced their stakes in DLTR. Capital International Investors raised its holdings in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after purchasing an additional 2,445,827 shares during the period. FIL Ltd boosted its stake in Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after acquiring an additional 1,566,392 shares during the last quarter. National Bank of Canada FI grew its holdings in Dollar Tree by 223.4% during the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after acquiring an additional 977,313 shares in the last quarter. Primecap Management Co. CA grew its holdings in Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after acquiring an additional 957,275 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Dollar Tree by 488.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock worth $111,531,000 after purchasing an additional 867,054 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.