Dollar Tree, Inc. (NASDAQ:DLTR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been given a consensus recommendation of “Hold” by the twenty ratings firms that are covering the stock, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $88.11.

A number of research firms have commented on DLTR. Citigroup reduced their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Morgan Stanley decreased their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Melius Research began coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. Evercore ISI decreased their target price on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Institutional investors have recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree during the second quarter worth $26,000. Mather Group LLC. raised its position in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the last quarter. Eastern Bank acquired a new position in Dollar Tree during the 3rd quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar Tree in the 2nd quarter valued at about $37,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Down 3.4 %

Shares of DLTR stock opened at $61.41 on Wednesday. Dollar Tree has a 52-week low of $60.52 and a 52-week high of $151.21. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of -12.58, a PEG ratio of 2.65 and a beta of 0.87. The firm’s 50-day moving average is $68.87 and its 200-day moving average is $94.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the company earned $0.91 EPS. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts predict that Dollar Tree will post 5.32 EPS for the current 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.