Dollar Tree (NASDAQ:DLTR) had its price objective decreased by Royal Bank of Canada from $96.00 to $94.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 11.60% from the stock’s current price.

Several other analysts have also commented on DLTR. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. Credit Suisse Group increased their price objective on Dollar Tree from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, June 28th. Citigroup started coverage on Dollar Tree in a report on Friday, July 6th. They set a “neutral” rating for the company. Atlantic Securities upgraded Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 price objective for the company in a report on Monday, August 13th. Finally, Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $100.83.

Shares of DLTR opened at $84.23 on Thursday. Dollar Tree has a 12 month low of $79.17 and a 12 month high of $116.65. The company has a quick ratio of 0.52, a current ratio of 2.24 and a debt-to-equity ratio of 0.66. The firm has a market cap of $19.40 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.05 and a beta of 0.74.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 30th. The company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.01). Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The business had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts forecast that Dollar Tree will post 5.5 earnings per share for the current year.

In other news, Director Lemuel E. Lewis bought 1,210 shares of Dollar Tree stock in a transaction that occurred on Thursday, September 27th. The stock was bought at an average price of $82.75 per share, for a total transaction of $100,127.50. Following the purchase, the director now directly owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of DLTR. Intrepid Capital Management Inc. purchased a new position in shares of Dollar Tree during the 2nd quarter valued at about $327,000. Renaissance Technologies LLC acquired a new stake in shares of Dollar Tree during the 2nd quarter valued at about $51,247,000. Horrell Capital Management Inc. grew its position in shares of Dollar Tree by 4.1% during the 2nd quarter. Horrell Capital Management Inc. now owns 30,610 shares of the company’s stock valued at $2,602,000 after acquiring an additional 1,205 shares during the period. Arizona State Retirement System grew its position in shares of Dollar Tree by 47.7% during the 2nd quarter. Arizona State Retirement System now owns 122,261 shares of the company’s stock valued at $10,392,000 after acquiring an additional 39,486 shares during the period. Finally, grace capital acquired a new stake in shares of Dollar Tree during the 2nd quarter valued at about $153,000. Institutional investors own 92.17% of the company’s stock.

Dollar Tree Company Profile

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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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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