Dollar Tree, Inc. (NASDAQ:DLTR) has received an average rating of “Hold” from the twenty-seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $106.05.
DLTR has been the topic of a number of recent research reports. TheStreet upgraded shares of Dollar Tree from a “c+” rating to a “b” rating in a research note on Thursday, June 25th. BofA Securities upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $115.00 in a research note on Thursday, July 16th. Telsey Advisory Group upped their price target on shares of Dollar Tree from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. Morgan Stanley lowered their target price on shares of Dollar Tree from $108.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Friday, August 28th. Finally, Royal Bank of Canada increased their target price on shares of Dollar Tree from $106.00 to $114.00 in a research note on Friday, August 28th.
DLTR stock traded down $1.11 during trading on Monday, reaching $90.76. The stock had a trading volume of 1,792,829 shares, compared to its average volume of 2,744,905. Dollar Tree has a one year low of $60.20 and a one year high of $119.71. The company has a quick ratio of 0.46, a current ratio of 1.22 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $93.38 and its two-hundred day moving average is $87.50. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.57 and a beta of 0.62.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 27th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.18. The business had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.23 billion. Dollar Tree had a net margin of 3.61% and a return on equity of 18.52%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. As a group, research analysts predict that Dollar Tree will post 5.26 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC grew its holdings in Dollar Tree by 189.4% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 437 shares of the company’s stock worth $41,000 after acquiring an additional 286 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Dollar Tree in the 2nd quarter worth $50,000. RMR Wealth Builders bought a new stake in Dollar Tree in the 2nd quarter worth $52,000. Bainco International Investors bought a new stake in Dollar Tree in the 1st quarter worth $41,000. Finally, Keebeck Wealth Management LLC bought a new stake in Dollar Tree in the 2nd quarter worth $57,000. 89.31% of the stock is currently owned by institutional investors.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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