Dollar Tree (NASDAQ:DLTR) Upgraded to “Overweight” by KeyCorp

KeyCorp upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sector weight rating to an overweight rating in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The firm currently has $150.00 price objective on the stock.

Several other brokerages have also issued reports on DLTR. Oppenheimer reiterated a market perform rating on shares of Dollar Tree in a research report on Monday, March 4th. TheStreet lowered Dollar Tree from a b- rating to a c rating in a research report on Wednesday, March 13th. Gordon Haskett downgraded Dollar Tree from a buy rating to a hold rating and dropped their target price for the stock from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Guggenheim increased their price target on shares of Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an overweight rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Dollar Tree currently has an average rating of Moderate Buy and a consensus target price of $150.05.

Dollar Tree Trading Up 0.3 %

Dollar Tree stock opened at $118.56 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. Dollar Tree has a fifty-two week low of $102.77 and a fifty-two week high of $161.10. The firm’s fifty day moving average price is $132.52 and its 200-day moving average price is $129.31.

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

Insider Activity

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

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in Dollar Tree in the fourth quarter worth about $15,638,000. DAVENPORT & Co LLC increased its position in Dollar Tree by 155.2% during the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock valued at $4,443,000 after buying an additional 19,019 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in Dollar Tree by 52.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 112,540 shares of the company’s stock valued at $15,986,000 after buying an additional 38,517 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Dollar Tree in the fourth quarter worth $4,247,000. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Dollar Tree by 97.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company’s stock worth $834,000 after acquiring an additional 2,893 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

About Dollar Tree

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.