Dollar Tree (NASDAQ:DLTR) Now Covered by Analysts at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued a market perform rating and a $76.00 target price on the stock.

Several other research firms also recently commented on DLTR. Barclays cut their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $111.00 to $70.00 in a research note on Wednesday, September 4th. UBS Group lowered their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Telsey Advisory Group lowered their target price on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Finally, Wells Fargo & Company lowered their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $88.53.

Dollar Tree Stock Down 0.5 %

Dollar Tree stock opened at $66.94 on Tuesday. Dollar Tree has a twelve month low of $60.81 and a twelve month high of $151.21. The firm has a 50 day moving average price of $76.73 and a 200-day moving average price of $99.45. The company has a market capitalization of $14.39 billion, a P/E ratio of -14.58, a P/E/G ratio of 2.95 and a beta of 0.86. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last released its earnings results 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 company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. As a group, equities analysts predict that Dollar Tree will post 5.33 EPS for the current year.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar Tree

Hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in Dollar Tree in the second quarter worth about $779,000. Point72 Asset Management L.P. raised its holdings in Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock worth $109,803,000 after buying an additional 640,848 shares during the last quarter. Indiana Trust & Investment Management CO raised its holdings in Dollar Tree by 168.4% in the first quarter. Indiana Trust & Investment Management CO now owns 416 shares of the company’s stock worth $55,000 after buying an additional 261 shares during the last quarter. Easterly Investment Partners LLC raised its holdings in Dollar Tree by 49.5% in the second quarter. Easterly Investment Partners LLC now owns 39,274 shares of the company’s stock worth $4,193,000 after buying an additional 13,012 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Dollar Tree by 51.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 633,223 shares of the company’s stock valued at $84,314,000 after purchasing an additional 214,912 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.