Dollar Tree (NASDAQ:DLTR) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Dollar Tree (NASDAQ:DLTR) from a buy rating to a hold rating in a report issued on Sunday.

Several other equities research analysts also recently issued reports on DLTR. Piper Sandler reissued a “neutral” rating and issued a $116.00 price objective (up from $114.00) on shares of Dollar Tree in a research note on Tuesday, March 17th. Barclays reiterated an “overweight” rating on shares of Dollar Tree in a report on Monday, March 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target on shares of Dollar Tree in a research report on Tuesday, March 17th. Weiss Ratings upgraded shares of Dollar Tree from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, April 15th. Finally, BNP Paribas Exane downgraded shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price objective on the stock. in a research report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $122.76.

Dollar Tree Trading Down 3.2%

NASDAQ DLTR opened at $103.83 on Friday. The firm’s 50 day moving average price is $113.95 and its two-hundred day moving average price is $114.30. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07. Dollar Tree has a twelve month low of $78.70 and a twelve month high of $142.40. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.34 and a beta of 0.74.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts anticipate that Dollar Tree will post 6.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DLTR. Cullen Frost Bankers Inc. bought a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $25,000. Reflection Asset Management acquired a new position in Dollar Tree in the fourth quarter worth approximately $25,000. Covestor Ltd raised its position in Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock valued at $27,000 after acquiring an additional 84 shares in the last quarter. Root Financial Partners LLC bought a new position in Dollar Tree during the third quarter valued at approximately $29,000. Finally, YANKCOM Partnership acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $31,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.