Dollar Tree (NASDAQ:DLTR) was downgraded by stock analysts at Cleveland Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday.
Several other research firms also recently commented on DLTR. Bank of America increased their target price on Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo reiterated an “outperform” rating and issued a $138.00 target price (up from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 target price for the company in a research report on Tuesday, January 16th. Guggenheim reiterated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, January 31st. Finally, Oppenheimer began coverage on Dollar Tree in a research report on Tuesday, January 16th. They issued an “outperform” rating and a $130.00 target price for the company. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Dollar Tree currently has a consensus rating of “Buy” and a consensus price target of $110.31.
Dollar Tree stock opened at $94.29 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 1.60 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.13 and a beta of 0.83. Dollar Tree has a 12 month low of $94.34 and a 12 month high of $96.56.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). The firm 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%. Dollar Tree’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 earnings per share. research analysts anticipate that Dollar Tree will post 5.66 EPS for the current year.
In related news, insider Robert H. Rudman sold 6,074 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $93.95, for a total transaction of $570,652.30. Following the completion of the sale, the insider now owns 11,170 shares of the company’s stock, valued at $1,049,421.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Conrad M. Hall bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average cost of $91.83 per share, with a total value of $918,300.00. Following the purchase, the director now directly owns 799 shares of the company’s stock, valued at $73,372.17. The disclosure for this purchase can be found here. Insiders have sold 14,861 shares of company stock valued at $1,398,752 in the last ninety days. 1.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLTR. CenterStar Asset Management LLC acquired a new stake in Dollar Tree during the first quarter worth approximately $102,000. Exane Derivatives bought a new position in Dollar Tree in the fourth quarter worth approximately $104,000. Cerebellum GP LLC bought a new position in Dollar Tree in the fourth quarter worth approximately $127,000. FTB Advisors Inc. boosted its holdings in Dollar Tree by 249.2% in 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 in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in Dollar Tree by 77.0% in the first quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock worth $155,000 after acquiring an additional 710 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.
Dollar Tree Company Profile
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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