Dollar Tree (NASDAQ:DLTR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm currently has a $108.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.09% from the company’s previous close.
According to Zacks, “Dollar Tree's strategic initiatives like improving store productivity and store expansion have aided the stock to outperform the industry in the last three months. The company delivered solid bottom line results in third-quarter fiscal 2018, returning to positive earnings surprise trend after reporting bottom line miss in the preceding three quarters. Moreover, an impressive comps trend reflects strength in both Dollar Tree and Family Dollar banners, which should drive growth. Also, its focus on the consumables and discretionary categories as well as the everyday low-price model is expected to drive traffic and sales. However, sales lagged estimates for the fourth straight quarter. The company also continued to witness cost pressures arising from higher domestic freight and investment in store wages, which hurt margins. Consequently, the company lowered sales view for fiscal 2018 and also narrowed earnings forecast.”
DLTR has been the subject of a number of other reports. Gordon Haskett upgraded Dollar Tree from a “hold” rating to an “accumulate” rating and set a $110.00 price target for the company in a research report on Monday, January 7th. FIX downgraded Dollar Tree from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th. Royal Bank of Canada decreased their target price on Dollar Tree from $96.00 to $94.00 and set an “outperform” rating for the company in a research report on Thursday, October 11th. BidaskClub downgraded Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 19th. Finally, Morgan Stanley decreased their target price on Dollar Tree from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $99.82.
Shares of DLTR opened at $98.10 on Monday. The firm has a market capitalization of $23.45 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.24 and a beta of 0.46. Dollar Tree has a 52-week low of $78.78 and a 52-week high of $109.57. The company has a quick ratio of 0.48, a current ratio of 2.22 and a debt-to-equity ratio of 0.63.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.03. The company had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.55 billion. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. Dollar Tree’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. On average, sell-side analysts anticipate that Dollar Tree will post 5.45 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fiduciary Management Inc. WI acquired a new stake in Dollar Tree in the third quarter worth about $266,051,000. FMR LLC boosted its holdings in Dollar Tree by 15.1% in the third quarter. FMR LLC now owns 22,046,619 shares of the company’s stock worth $1,797,902,000 after acquiring an additional 2,890,549 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Dollar Tree by 8,821.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock worth $26,000 after acquiring an additional 2,301,814 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Dollar Tree by 9.6% in the third quarter. Macquarie Group Ltd. now owns 8,455,473 shares of the company’s stock worth $689,544,000 after acquiring an additional 737,501 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Dollar Tree by 2,473.9% in the third quarter. Marshall Wace LLP now owns 587,834 shares of the company’s stock worth $47,938,000 after acquiring an additional 564,996 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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