Dollar Tree (NASDAQ:DLTR) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a research report report published on Tuesday morning.

A number of other equities research analysts have also weighed in on DLTR. Piper Sandler lowered their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company dropped their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group cut their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Guggenheim decreased their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 6th. Finally, Citigroup cut their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $88.11.

Dollar Tree Stock Down 2.2 %

Shares of NASDAQ:DLTR opened at $64.20 on Tuesday. The company has a market capitalization of $13.80 billion, a price-to-earnings ratio of -13.16, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87. The company has a 50 day moving average of $67.95 and a two-hundred day moving average of $92.36. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $151.21. 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 quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. As a group, analysts forecast that Dollar Tree will post 5.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The trade was a 28.86 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Financial Concepts LLC acquired a new stake in shares of Dollar Tree during the second quarter worth approximately $26,000. Mather Group LLC. lifted its stake in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares during the last quarter. Eastern Bank bought a new stake in Dollar Tree in the third quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar Tree during the 2nd quarter worth $37,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds 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.