Dollar Tree (NASDAQ:DLTR) Upgraded by StockNews.com to “Hold” Rating

Dollar Tree (NASDAQ:DLTR) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other research analysts have also recently issued reports on DLTR. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Wells Fargo & Company reduced their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Morgan Stanley dropped their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Guggenheim cut their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus price target of $88.11.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded up $1.06 during trading on Tuesday, hitting $62.27. 3,559,994 shares of the company’s stock traded hands, compared to its average volume of 3,308,893. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.21. The business has a 50-day simple moving average of $68.41 and a 200-day simple moving average of $93.54. The stock has a market capitalization of $13.39 billion, a P/E ratio of -12.76, a PEG ratio of 2.60 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts forecast that Dollar Tree will post 5.34 EPS for the current year.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares in the company, valued at $670,616.21. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar Tree

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. raised its stake in shares of Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar Tree during the second quarter valued at approximately $37,000. Blue Trust Inc. lifted its holdings in Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 274 shares during the period. Eastern Bank bought a new stake in Dollar Tree during the 3rd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after acquiring an additional 110 shares during the period. Institutional investors own 97.40% of the company’s stock.

About Dollar Tree

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.