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

Dollar Tree, Inc. (NASDAQ:DLTR) has earned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat Ratings reports. Sixteen investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $85.58.

A number of brokerages have weighed in on DLTR. Citigroup raised their price objective on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Loop Capital increased their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Guggenheim reduced their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after buying an additional 346 shares in the last quarter. Assetmark Inc. grew its position in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after acquiring an additional 149 shares during the last quarter. Versant Capital Management Inc bought a new stake in Dollar Tree during the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust raised its position in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Dollar Tree stock opened at $74.52 on Friday. The stock has a fifty day moving average price of $72.82 and a 200 day moving average price of $74.09. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $151.21. The firm has a market capitalization of $16.02 billion, a P/E ratio of -15.62, a PEG ratio of 2.11 and a beta of 0.89. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. Equities research analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

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.