Dollar Tree (NASDAQ:DLTR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a report published on Wednesday.

A number of other research firms have also issued reports on DLTR. Guggenheim upped their target price on Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Loop Capital decreased their price target on Dollar Tree from $195.00 to $170.00 and set a buy rating on the stock in a research note on Thursday, March 14th. BMO Capital Markets dropped their price objective on shares of Dollar Tree from $170.00 to $160.00 and set an outperform rating for the company in a research note on Thursday, March 14th. Gordon Haskett raised shares of Dollar Tree from an accumulate rating to a buy rating and set a $160.00 target price on the stock in a research report on Wednesday, February 7th. Finally, Morgan Stanley dropped their price target on shares of Dollar Tree from $140.00 to $135.00 and set an equal weight rating for the company in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $150.75.

Dollar Tree Price Performance

DLTR stock opened at $132.50 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $28.88 billion, a P/E ratio of -28.68, a PEG ratio of 1.19 and a beta of 0.92. The business has a 50 day simple moving average of $138.07 and a 200-day simple moving average of $126.10. Dollar Tree has a twelve month low of $102.77 and a twelve month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same period in the previous year, the business posted $2.04 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts anticipate that Dollar Tree will post 6.92 EPS for the current year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.00% of the company’s stock.

Institutional Trading of Dollar Tree

Several institutional investors have recently modified their holdings of DLTR. Wahed Invest LLC lifted its position in shares of Dollar Tree by 4.8% during the 4th quarter. Wahed Invest LLC now owns 3,453 shares of the company’s stock valued at $490,000 after acquiring an additional 157 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree in the fourth quarter worth about $26,000. Wellington Management Group LLP increased its position in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after acquiring an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Dollar Tree by 92.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after acquiring an additional 70,478 shares during the period. Finally, FIL Ltd lifted its position in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail 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.