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

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

Other equities research analysts also recently issued reports about the company. Evercore ISI reduced their price objective on Dollar Tree from $144.00 to $142.00 and set an in-line rating for the company in a research note on Tuesday, April 16th. Jefferies Financial Group decreased their target price on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Truist Financial cut their price objective on Dollar Tree from $149.00 to $147.00 and set a buy rating for the company in a report on Thursday, March 14th. Oppenheimer reaffirmed a market perform rating on shares of Dollar Tree in a research report on Monday, March 4th. Finally, Loop Capital reduced their price target on Dollar Tree from $195.00 to $170.00 and set a buy rating for the company in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $150.05.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $118.56 on Wednesday. Dollar Tree has a 12-month low of $102.77 and a 12-month high of $161.10. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $132.52 and its 200-day moving average is $129.31.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). The company had revenue of $8.63 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 EPS. Equities research analysts predict that Dollar Tree will post 6.91 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

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

Institutional Trading of Dollar Tree

A number of hedge funds have recently modified their holdings of the company. Capital International Investors grew its position in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares during the period. Norges Bank bought a new stake in shares of Dollar Tree in the 4th quarter worth about $333,373,000. FIL Ltd increased its position in shares of Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Dollar Tree by 139.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock valued at $134,202,000 after purchasing an additional 734,229 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its position in Dollar Tree by 358.8% in the third quarter. Mondrian Investment Partners LTD now owns 828,322 shares of the company’s stock valued at $88,175,000 after buying an additional 647,800 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

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.