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

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the company, Marketbeat reports. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $85.58.

A number of research analysts recently weighed in on DLTR shares. Melius Research began coverage on Dollar Tree in a report on Monday, September 23rd. They set a “hold” rating and a $70.00 target price on the stock. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Jefferies Financial Group raised their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Loop Capital upped their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th.

Institutional Trading of Dollar Tree

Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC bought a new stake in shares of Dollar Tree in the 4th quarter valued at about $4,069,000. MassMutual Private Wealth & Trust FSB increased its stake in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the period. Kera Capital Partners Inc. bought a new stake in Dollar Tree in the fourth quarter valued at approximately $227,000. Chemistry Wealth Management LLC boosted its stake in shares of Dollar Tree by 17.7% during the fourth quarter. Chemistry Wealth Management LLC now owns 7,366 shares of the company’s stock valued at $552,000 after purchasing an additional 1,106 shares during the period. Finally, Avanza Fonder AB bought a new position in shares of Dollar Tree in the fourth quarter worth approximately $1,563,000. 97.40% of the stock is owned by institutional investors.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $72.07 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The business has a 50-day moving average of $70.81 and a 200-day moving average of $79.01. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of -15.11, a PEG ratio of 2.32 and a beta of 0.90. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

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.