Credit Suisse Group initiated coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note published on Tuesday. The brokerage issued an outperform rating and a $114.00 target price on the stock.
Several other brokerages have also issued reports on DLTR. ValuEngine lowered shares of Dollar Tree from a buy rating to a hold rating in a research report on Tuesday. BidaskClub lowered shares of Dollar Tree from a buy rating to a hold rating in a research report on Thursday, March 1st. Loop Capital restated a hold rating and set a $92.00 target price (down from $100.00) on shares of Dollar Tree in a research report on Wednesday, March 7th. BMO Capital Markets cut their target price on shares of Dollar Tree from $115.00 to $97.00 and set a hold rating for the company in a research report on Thursday, March 8th. Finally, Wells Fargo restated an outperform rating and set a $128.00 target price (down from $138.00) on shares of Dollar Tree in a research report on Tuesday, February 27th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $108.60.
Shares of NASDAQ DLTR opened at $98.87 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.60 and a quick ratio of 0.49. The company has a market cap of $23,152.13, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $116.65.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). The business had revenue of $6.36 billion for 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 quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. equities research analysts anticipate that Dollar Tree will post 5.7 EPS for the current year.
In related news, insider Robert H. Rudman sold 6,074 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $93.95, for a total transaction of $570,652.30. Following the completion of the transaction, the insider now owns 11,170 shares in the company, valued at $1,049,421.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Conrad M. Hall bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were bought at an average price of $91.83 per share, with a total value of $918,300.00. Following the transaction, the director now owns 799 shares of the company’s stock, valued at approximately $73,372.17. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 14,861 shares of company stock valued at $1,398,752. Company insiders own 2.90% of the company’s stock.
Large investors have recently modified their holdings of the stock. Exane Derivatives bought a new position in shares of Dollar Tree during the fourth quarter worth $104,000. Cerebellum GP LLC bought a new position in shares of Dollar Tree during the fourth quarter worth $127,000. FTB Advisors Inc. boosted its position in shares of Dollar Tree by 249.2% during the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after acquiring an additional 992 shares during the last quarter. First Personal Financial Services bought a new position in shares of Dollar Tree during the fourth quarter worth $165,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Dollar Tree by 38.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after acquiring an additional 528 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through 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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