Dollar Tree, Inc. (NASDAQ:DLTR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received an average rating of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $91.40.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $130.00 to $68.00 in a research report on Thursday, September 5th. Melius Research began coverage on shares of Dollar Tree in a research report on Monday. They set a “hold” rating and a $70.00 target price on the stock. The Goldman Sachs Group dropped their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. KeyCorp reduced their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Friday, September 6th.

Dollar Tree Stock Up 0.0 %

Shares of NASDAQ DLTR opened at $71.76 on Tuesday. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21. The firm’s 50-day simple moving average is $90.08 and its 200 day simple moving average is $108.77. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market cap of $15.42 billion, a price-to-earnings ratio of -15.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 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 company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period last year, the company earned $0.91 earnings per share. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts expect that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Dollar Tree

A number of institutional investors have recently made changes to their positions in the business. Capital International Investors boosted its position in Dollar Tree by 30.1% during the fourth 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 last quarter. Norges Bank bought a new position in shares of Dollar Tree in the 4th quarter valued at about $333,373,000. FIL Ltd increased its stake 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 during the last quarter. National Bank of Canada FI raised its holdings in shares of Dollar Tree by 223.4% in the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after purchasing an additional 977,313 shares during the period. Finally, Primecap Management Co. CA grew its holdings in Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after purchasing an additional 957,275 shares during the period. 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.