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

Dollar Tree, Inc. (NASDAQ:DLTR) has been given an average rating of “Hold” by the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $81.00.

A number of brokerages recently commented on DLTR. Evercore ISI raised their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. Truist Financial set a $84.00 target price on Dollar Tree in a research note on Thursday, March 27th. JPMorgan Chase & Co. dropped their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company boosted their target price on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Loop Capital restated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th.

Dollar Tree Price Performance

Shares of DLTR opened at $67.55 on Friday. The firm has a market capitalization of $14.53 billion, a PE ratio of -14.16, a PEG ratio of 2.16 and a beta of 0.87. 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 company’s 50-day moving average is $71.19 and its 200-day moving average is $70.36. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $131.52.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.55 EPS. Equities analysts forecast that Dollar Tree will post 5.39 EPS for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of the stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the acquisition, the director now owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar Tree

Large investors have recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC boosted its holdings in Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock worth $488,974,000 after acquiring an additional 5,173,238 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock worth $328,040,000 after purchasing an additional 3,882,324 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Dollar Tree by 2,489.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company’s stock valued at $196,452,000 after purchasing an additional 2,520,237 shares during the period. Norges Bank bought a new stake in Dollar Tree during the 4th quarter valued at $171,149,000. Finally, Capital International Investors lifted its stake in shares of Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock valued at $656,000,000 after buying an additional 2,023,819 shares in the last quarter. 97.40% of the stock is currently 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.