Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received a consensus rating of “Hold” from the twenty-seven analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $106.05.
Several analysts have commented on DLTR shares. Credit Suisse Group assumed coverage on shares of Dollar Tree in a research report on Wednesday, August 5th. They set an “outperform” rating and a $107.00 price target for the company. BofA Securities raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $115.00 in a research report on Thursday, July 16th. Raymond James reaffirmed a “hold” rating on shares of Dollar Tree in a research report on Friday, August 28th. TheStreet raised shares of Dollar Tree from a “c+” rating to a “b” rating in a research report on Thursday, June 25th. Finally, Bank of America raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $115.00 in a research report on Thursday, July 16th.
Shares of DLTR stock traded down $1.11 during mid-day trading on Monday, hitting $90.76. 1,792,829 shares of the stock traded hands, compared to its average volume of 2,744,905. The stock has a market cap of $21.54 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.57 and a beta of 0.62. The stock’s fifty day moving average is $93.38 and its two-hundred day moving average is $87.50. Dollar Tree has a 52-week low of $60.20 and a 52-week high of $119.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.22 and a quick ratio of 0.46.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, August 27th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.18. The business had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.23 billion. Dollar Tree had a net margin of 3.61% and a return on equity of 18.52%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. As a group, equities analysts forecast that Dollar Tree will post 5.26 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of Dollar Tree by 262,081.4% during the 1st quarter. Franklin Resources Inc. now owns 6,740,685 shares of the company’s stock worth $495,303,000 after purchasing an additional 6,738,114 shares during the period. Geode Capital Management LLC grew its stake in shares of Dollar Tree by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 3,809,005 shares of the company’s stock worth $279,320,000 after purchasing an additional 77,346 shares during the period. Wellington Management Group LLP grew its stake in shares of Dollar Tree by 65.0% during the 1st quarter. Wellington Management Group LLP now owns 3,007,624 shares of the company’s stock worth $220,970,000 after purchasing an additional 1,184,947 shares during the period. FIL Ltd grew its stake in shares of Dollar Tree by 7.1% during the 2nd quarter. FIL Ltd now owns 2,720,580 shares of the company’s stock worth $252,144,000 after purchasing an additional 181,471 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Dollar Tree by 6.3% during the 2nd quarter. Bank of America Corp DE now owns 2,486,026 shares of the company’s stock worth $230,406,000 after purchasing an additional 148,427 shares during the period. 89.31% of the stock is currently owned by institutional investors and hedge funds.
About Dollar Tree
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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