Dollar Tree, Inc. (NASDAQ:DLTR) has been given an average rating of “Hold” by the twenty-seven research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $102.19.
Several equities research analysts recently commented on the stock. Sanford C. Bernstein reiterated a “buy” rating and set a $110.00 target price on shares of Dollar Tree in a research report on Friday. BidaskClub downgraded shares of Dollar Tree from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 18th. BMO Capital Markets cut their target price on shares of Dollar Tree from $102.00 to $98.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 27th. Deutsche Bank cut their target price on shares of Dollar Tree from $106.00 to $96.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Finally, Credit Suisse Group cut their target price on shares of Dollar Tree from $125.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th.
NASDAQ:DLTR traded up $0.69 during mid-day trading on Wednesday, hitting $88.40. 2,805,526 shares of the company’s stock were exchanged, compared to its average volume of 3,724,432. The company has a 50 day simple moving average of $91.87 and a 200-day simple moving average of $102.54. The company has a current ratio of 1.09, a quick ratio of 0.16 and a debt-to-equity ratio of 1.33. Dollar Tree has a fifty-two week low of $86.19 and a fifty-two week high of $119.71. The firm has a market capitalization of $20.76 billion, a P/E ratio of -13.19, a PEG ratio of 1.96 and a beta of 0.45.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Tuesday, November 26th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05). Dollar Tree had a positive return on equity of 20.85% and a negative net margin of 6.82%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the business earned $1.18 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts expect that Dollar Tree will post 4.88 earnings per share for the current year.
In other news, Director Lemuel E. Lewis purchased 1,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were purchased at an average price of $89.49 per share, for a total transaction of $89,490.00. Following the transaction, the director now owns 22,114 shares of the company’s stock, valued at $1,978,981.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Osborne Partners Capital Management LLC increased its stake in shares of Dollar Tree by 30.5% in the 4th quarter. Osborne Partners Capital Management LLC now owns 51,265 shares of the company’s stock valued at $4,821,000 after acquiring an additional 11,985 shares in the last quarter. Deltec Asset Management LLC bought a new stake in shares of Dollar Tree in the 4th quarter valued at $3,997,000. Acorn Financial Advisory Services Inc. ADV bought a new stake in Dollar Tree during the 4th quarter valued at $329,000. Arizona State Retirement System increased its stake in Dollar Tree by 5.4% during the 4th quarter. Arizona State Retirement System now owns 72,388 shares of the company’s stock valued at $6,808,000 after purchasing an additional 3,677 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its stake in Dollar Tree by 80.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 565 shares of the company’s stock valued at $53,000 after purchasing an additional 252 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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