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

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $85.58.

Several equities research analysts have weighed in on DLTR shares. Sanford C. Bernstein initiated coverage on Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective for the company. Citigroup lifted their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Morgan Stanley reduced their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group dropped their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Finally, Barclays reduced their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Eastern Bank purchased a new position in Dollar Tree in the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised its stake in shares of Dollar Tree by 52.0% in the second quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $57,000 after purchasing an additional 183 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Dollar Tree by 35.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock worth $69,000 after buying an additional 171 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 0.2 %

Shares of NASDAQ DLTR opened at $74.94 on Thursday. The company has a market cap of $16.11 billion, a price-to-earnings ratio of -15.71, a PEG ratio of 2.28 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average is $68.95 and its 200 day moving average is $81.85. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. On average, equities research analysts expect that Dollar Tree will post 5.39 earnings per share for the current year.

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.