Dollar Tree (NASDAQ:DLTR) Raised to Hold at StockNews.com

Dollar Tree (NASDAQ:DLTR) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other equities research analysts have also issued reports on DLTR. BMO Capital Markets raised their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday. Melius Research assumed coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 price objective for the company. Truist Financial upped their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup raised their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Loop Capital upped their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Trading Down 1.0 %

Shares of NASDAQ DLTR opened at $71.87 on Thursday. The stock has a market capitalization of $15.45 billion, a P/E ratio of -15.07, a PEG ratio of 2.87 and a beta of 0.92. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $151.21. The business’s 50 day moving average is $67.58 and its two-hundred day moving average is $87.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, research analysts expect that Dollar Tree will post 5.35 EPS for the current year.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. grew its position in shares of Dollar Tree by 2.5% in the 2nd quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock worth $533,000 after buying an additional 124 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Dollar Tree by 35.2% in the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock worth $69,000 after purchasing an additional 171 shares during the last quarter. UMB Bank n.a. increased its position in shares of Dollar Tree by 52.0% during the second quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $57,000 after purchasing an additional 183 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its holdings in shares of Dollar Tree by 3.9% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 5,373 shares of the company’s stock valued at $574,000 after purchasing an additional 200 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.