Dollar Tree, Inc. (NASDAQ:DLTR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Dollar Tree, Inc. (NASDAQ:DLTRGet Free Report) has been assigned an average rating of “Moderate Buy” from the twenty analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $142.45.

Several equities research analysts have recently commented on DLTR shares. TheStreet cut Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. UBS Group lowered their target price on Dollar Tree from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, June 28th. BMO Capital Markets lowered their target price on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Finally, Gordon Haskett cut Dollar Tree from a “buy” rating to a “hold” rating and lowered their target price for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd.

Read Our Latest Research Report on DLTR

Dollar Tree Trading Down 1.5 %

Shares of DLTR opened at $102.48 on Thursday. The stock has a 50 day simple moving average of $112.38 and a 200-day simple moving average of $127.00. Dollar Tree has a 1 year low of $101.83 and a 1 year high of $154.96. The stock has a market cap of $22.03 billion, a PE ratio of -22.33, a PEG ratio of 1.15 and a beta of 0.88. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same period last year, the firm posted $1.47 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Dollar Tree will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Several hedge funds and other institutional investors have recently modified their holdings of DLTR. Capital International Investors raised its stake in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after purchasing an additional 2,445,827 shares during the period. Norges Bank acquired a new stake in shares of Dollar Tree in the fourth quarter valued at about $333,373,000. FIL Ltd increased its position in shares of Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after acquiring an additional 1,566,392 shares during the last quarter. National Bank of Canada FI increased its position in shares of Dollar Tree by 223.4% in the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after acquiring an additional 977,313 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Dollar Tree in the first quarter valued at about $99,862,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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