Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Rating of “Hold” by Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have earned an average recommendation of “Hold” from the twenty brokerages that are covering the firm, Marketbeat Ratings reports. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $87.95.

Several research analysts have commented on DLTR shares. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. BMO Capital Markets lowered their target price on shares of Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 18th. Truist Financial cut their price target on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Melius Research began coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now owns 9,823 shares in the company, valued at $670,616.21. This represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Atria Investments Inc boosted its stake in shares of Dollar Tree by 27.6% in the first quarter. Atria Investments Inc now owns 14,032 shares of the company’s stock valued at $1,868,000 after buying an additional 3,031 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Dollar Tree by 203.5% in the first quarter. Cetera Investment Advisers now owns 12,596 shares of the company’s stock valued at $1,677,000 after acquiring an additional 8,446 shares during the period. Cetera Advisors LLC boosted its position in shares of Dollar Tree by 119.7% during the 1st quarter. Cetera Advisors LLC now owns 3,234 shares of the company’s stock worth $431,000 after purchasing an additional 1,762 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Dollar Tree by 18.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,978 shares of the company’s stock valued at $318,000 after purchasing an additional 463 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Down 0.3 %

DLTR opened at $71.27 on Friday. Dollar Tree has a 52 week low of $60.49 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 business has a fifty day simple moving average of $67.47 and a 200-day simple moving average of $88.53. The firm has a market cap of $15.32 billion, a P/E ratio of -14.60, a P/E/G ratio of 2.83 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. On average, equities analysts expect that Dollar Tree will post 5.35 earnings per share for the current year.

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.