Dollar Tree (NASDAQ:DLTR) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a report issued on Wednesday.

Several other research firms have also recently issued reports on DLTR. Wells Fargo & Company lifted their price objective on shares of Dollar Tree from $160.00 to $180.00 and gave the company an overweight rating in a research report on Monday, March 4th. Telsey Advisory Group reiterated an outperform rating and set a $160.00 price objective on shares of Dollar Tree in a research report on Thursday, March 14th. Piper Sandler reduced their price objective on shares of Dollar Tree from $171.00 to $168.00 and set an overweight rating on the stock in a research report on Thursday, March 14th. Guggenheim upped their price target on shares of Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Finally, Oppenheimer reaffirmed a market perform rating on shares of Dollar Tree in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $150.75.

Dollar Tree Stock Up 0.5 %

Shares of Dollar Tree stock opened at $133.15 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. The company has a 50-day moving average of $138.02 and a 200 day moving average of $126.19. The firm has a market cap of $29.02 billion, a price-to-earnings ratio of -28.82, a PEG ratio of 1.25 and a beta of 0.92. Dollar Tree has a 1 year low of $102.77 and a 1 year high of $161.10.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.04 EPS. As a group, sell-side analysts anticipate that Dollar Tree will post 6.91 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 1,000 shares of Dollar Tree stock in a transaction on Monday, March 18th. The stock was bought at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the transaction, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 6.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLTR. Wahed Invest LLC boosted its holdings in shares of Dollar Tree by 4.8% during the fourth quarter. Wahed Invest LLC now owns 3,453 shares of the company’s stock worth $490,000 after acquiring an additional 157 shares during the period. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth $26,000. Wellington Management Group LLP increased its holdings in Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after purchasing an additional 73,588 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in Dollar Tree by 92.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after purchasing an additional 70,478 shares during the period. Finally, FIL Ltd increased its holdings in Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares during the period. 97.40% of the stock is currently owned by institutional investors.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.