Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have earned a consensus rating of “Buy” from the thirty-two analysts that are presently covering the stock, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $105.59.
DLTR has been the topic of a number of research reports. Raymond James Financial set a $124.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a report on Thursday, December 7th. Wells Fargo reiterated an “outperform” rating and issued a $138.00 price target (up from $132.00) on shares of Dollar Tree in a report on Tuesday, January 16th. BidaskClub downgraded shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Moffett Nathanson initiated coverage on shares of Dollar Tree in a report on Monday, December 4th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd.
Shares of DLTR stock traded up $0.64 during midday trading on Friday, reaching $95.58. 784,692 shares of the company’s stock were exchanged, compared to its average volume of 3,010,038. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. The company has a market cap of $22,444.87, a P/E ratio of 13.23, a P/E/G ratio of 1.15 and a beta of 0.80. Dollar Tree has a one year low of $65.63 and a one year high of $116.65.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.39 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 earnings per share. equities analysts anticipate that Dollar Tree will post 5.63 earnings per share for the current fiscal year.
In other news, Director Conrad M. Hall purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average cost of $91.83 per share, with a total value of $918,300.00. Following the purchase, the director now owns 799 shares in the company, valued at $73,372.17. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arnold S. Barron sold 6,023 shares of Dollar Tree stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $94.49, for a total transaction of $569,113.27. Following the transaction, the director now directly owns 26,667 shares of the company’s stock, valued at $2,519,764.83. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. DnB Asset Management AS boosted its stake in shares of Dollar Tree by 2.1% during the 4th quarter. DnB Asset Management AS now owns 24,355 shares of the company’s stock worth $2,614,000 after purchasing an additional 500 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Dollar Tree by 38.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock valued at $203,000 after buying an additional 528 shares during the period. Global X MANAGEMENT CO LLC boosted its position in Dollar Tree by 22.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 3,023 shares of the company’s stock valued at $262,000 after buying an additional 559 shares during the period. Amalgamated Bank boosted its position in Dollar Tree by 2.1% in the 3rd quarter. Amalgamated Bank now owns 27,793 shares of the company’s stock valued at $2,413,000 after buying an additional 559 shares during the period. Finally, Advisor Partners LLC boosted its position in Dollar Tree by 17.6% in the 4th quarter. Advisor Partners LLC now owns 3,800 shares of the company’s stock valued at $436,000 after buying an additional 568 shares during the period. 90.94% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree Company Profile
Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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