Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Recommendation of “Moderate Buy” by Brokerages

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $150.05.

A number of brokerages recently weighed in on DLTR. BMO Capital Markets dropped their price objective on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. Guggenheim increased their price target on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Gordon Haskett cut Dollar Tree from a “buy” rating to a “hold” rating and decreased their price target for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, Jefferies Financial Group decreased their price target on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th.

Insider Activity at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now owns 6,225 shares in the company, valued at $795,866.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The shares were bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Heinrich acquired 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the acquisition, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is owned by company insiders.

Institutional Trading of Dollar Tree

Institutional investors have recently bought and sold shares of the business. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $26,000. United Community Bank acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $27,000. Register Financial Advisors LLC acquired a new stake in Dollar Tree in the first quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Dollar Tree in the third quarter valued at approximately $26,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $35,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Price Performance

Shares of DLTR stock opened at $122.39 on Friday. Dollar Tree has a 1-year low of $102.77 and a 1-year high of $161.10. The stock’s 50-day moving average is $134.95 and its 200 day moving average is $128.86. The company has a market cap of $26.68 billion, a P/E ratio of -26.49, a PEG ratio of 1.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22.

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

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount 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.