Dollar Tree (NASDAQ:DLTR) Upgraded to Hold by Redburn Atlantic

Redburn Atlantic upgraded shares of Dollar Tree (NASDAQ:DLTR) to a hold rating in a research note issued to investors on Monday, Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Telsey Advisory Group reduced their price target on Dollar Tree from $120.00 to $95.00 and set an outperform rating for the company in a report on Thursday, September 5th. The Goldman Sachs Group reduced their target price on Dollar Tree from $145.00 to $90.00 and set a buy rating for the company in a research note on Tuesday, September 10th. Citigroup dropped their price target on Dollar Tree from $120.00 to $64.00 and set a neutral rating on the stock in a research note on Thursday, September 5th. StockNews.com downgraded Dollar Tree from a hold rating to a sell rating in a report on Friday, September 6th. Finally, KeyCorp decreased their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an overweight rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $91.40.

Dollar Tree Stock Up 3.3 %

DLTR stock opened at $72.88 on Monday. The company has a market cap of $15.67 billion, a price-to-earnings ratio of -15.88, a P/E/G ratio of 3.04 and a beta of 0.87. Dollar Tree has a twelve month low of $60.81 and a twelve month high of $151.21. The business has a 50 day moving average price of $88.03 and a two-hundred day moving average price of $107.72. 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 earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share 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 firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the business posted $0.91 earnings per share. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. Analysts anticipate that Dollar Tree will post 5.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Large investors have recently made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $26,000. United Community Bank acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $27,000. Register Financial Advisors LLC acquired a new stake in shares of Dollar Tree during the 1st quarter worth approximately $28,000. Mather Group LLC. boosted its position in shares of 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 acquiring an additional 187 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar Tree during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.