Dollar Tree (NASDAQ:DLTR) Earns Market Perform Rating from Analysts at Sanford C. Bernstein

Analysts at Sanford C. Bernstein started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note issued on Tuesday, Marketbeat Ratings reports. The firm set a “market perform” rating and a $76.00 price target on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 14.93% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Evercore ISI cut their price target on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $111.00 to $70.00 in a research report on Wednesday, September 4th. Morgan Stanley lowered their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Finally, Wells Fargo & Company lowered their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.53.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $66.13 on Tuesday. The company’s fifty day simple moving average is $76.21 and its two-hundred day simple moving average is $99.21. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21. The firm has a market cap of $14.21 billion, a PE ratio of -14.41, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. As a group, equities analysts expect that Dollar Tree will post 5.33 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares in the company, valued at $670,616.21. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors have recently bought and sold shares of the stock. Park Avenue Securities LLC lifted its position in shares of Dollar Tree by 7.3% during the 1st quarter. Park Avenue Securities LLC now owns 8,232 shares of the company’s stock valued at $1,096,000 after buying an additional 561 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Dollar Tree in the first quarter worth approximately $73,000. Cardinal Capital Management increased its stake in shares of Dollar Tree by 13.9% in the first quarter. Cardinal Capital Management now owns 39,449 shares of the company’s stock worth $5,253,000 after purchasing an additional 4,828 shares in the last quarter. Indiana Trust & Investment Management CO raised its position in shares of Dollar Tree by 168.4% during the 1st quarter. Indiana Trust & Investment Management CO now owns 416 shares of the company’s stock valued at $55,000 after purchasing an additional 261 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in shares of Dollar Tree during the 1st quarter valued at $28,000. 97.40% of the stock is owned by 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.