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

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been given an average rating of “Hold” by the twenty-one brokerages that are currently covering the firm, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $85.58.

DLTR has been the topic of several recent research reports. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Guggenheim lowered their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Telsey Advisory Group restated a “market perform” rating and issued a $75.00 price objective on shares of Dollar Tree in a research report on Friday, December 20th. Finally, Truist Financial upped their price objective on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th.

Dollar Tree Trading Up 0.4 %

DLTR stock opened at $72.01 on Friday. The firm has a fifty day moving average price of $72.84 and a 200 day moving average price of $74.96. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a market cap of $15.48 billion, a PE ratio of -15.10, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last posted its 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same period last year, the firm posted $0.97 earnings per share. Dollar Tree’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. Assetmark Inc. increased its stake in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after acquiring an additional 149 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after acquiring an additional 346 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree in the 4th quarter worth $30,000. Parkside Financial Bank & Trust increased its stake in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 acquiring an additional 210 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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.