StockNews.com Begins Coverage on Dollar Tree (NASDAQ:DLTR)

StockNews.com assumed coverage on shares of Dollar Tree (NASDAQ:DLTR – Get Rating) in a research note published on Thursday morning. The brokerage issued a hold rating on the stock.

Several other equities research analysts also recently weighed in on DLTR. Telsey Advisory Group reiterated an outperform rating and set a $165.00 target price on shares of Dollar Tree in a research note on Thursday, March 2nd. Gordon Haskett downgraded shares of Dollar Tree from a buy rating to an accumulate rating and set a $163.00 target price for the company. in a research note on Tuesday, January 24th. Evercore ISI decreased their target price on shares of Dollar Tree from $170.00 to $160.00 in a research note on Wednesday, November 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dollar Tree from $181.00 to $173.00 and set a buy rating for the company in a research note on Thursday, March 2nd. Finally, Morgan Stanley increased their target price on shares of Dollar Tree from $145.00 to $150.00 and gave the stock an equal weight rating in a research note on Thursday, March 2nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $166.80.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $137.15 on Thursday. The stock’s 50-day moving average is $146.43 and its two-hundred day moving average is $146.21. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.96 and a beta of 0.68. Dollar Tree has a 1 year low of $124.76 and a 1 year high of $177.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.22 and a current ratio of 1.51.

Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.01. The company had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.61 billion. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.01 earnings per share. Analysts predict that Dollar Tree will post 6.6 earnings per share for the current year.

Insider Activity

In related news, CEO Richard W. Dreiling purchased 7,100 shares of Dollar Tree stock in a transaction dated Thursday, March 9th. The stock was bought at an average cost of $142.00 per share, for a total transaction of $1,008,200.00. Following the transaction, the chief executive officer now owns 7,118 shares in the company, valued at $1,010,756. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. SVB Wealth LLC increased its stake in shares of Dollar Tree by 2.4% during the 2nd quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock worth $414,000 after purchasing an additional 62 shares in the last quarter. Simon Quick Advisors LLC increased its stake in shares of Dollar Tree by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,648 shares of the company’s stock worth $233,000 after purchasing an additional 71 shares in the last quarter. Kentucky Retirement Systems increased its stake in shares of Dollar Tree by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 16,596 shares of the company’s stock worth $2,347,000 after purchasing an additional 73 shares in the last quarter. NuWave Investment Management LLC increased its stake in shares of Dollar Tree by 9.3% during the 3rd quarter. NuWave Investment Management LLC now owns 933 shares of the company’s stock worth $127,000 after purchasing an additional 79 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Dollar Tree by 3.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,288 shares of the company’s stock worth $324,000 after purchasing an additional 80 shares in the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

About Dollar Tree

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.