Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $152.82.

DLTR has been the subject of a number of research reports. TheStreet lowered shares of Dollar Tree from a “b” rating to a “c+” rating in a research note on Friday, August 25th. The Goldman Sachs Group decreased their target price on shares of Dollar Tree from $158.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, August 24th. Credit Suisse Group decreased their target price on shares of Dollar Tree from $150.00 to $140.00 in a research note on Friday, May 26th. UBS Group boosted their target price on shares of Dollar Tree from $165.00 to $175.00 in a research note on Thursday, June 22nd. Finally, Morgan Stanley decreased their target price on shares of Dollar Tree from $145.00 to $140.00 in a research note on Friday, May 26th.

Dollar Tree Stock Performance

Dollar Tree stock opened at $116.56 on Friday. The stock’s 50 day simple moving average is $141.84 and its two-hundred day simple moving average is $144.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.20 and a current ratio of 1.48. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 7.11 and a beta of 0.73. Dollar Tree has a fifty-two week low of $115.18 and a fifty-two week high of $170.36.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Dollar Tree had a return on equity of 14.24% and a net margin of 4.16%. The firm had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.18 billion. During the same period in the previous year, the firm posted $1.60 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts expect that Dollar Tree will post 5.97 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, insider Jennifer Hulett sold 1,484 shares of Dollar Tree stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $143.61, for a total transaction of $213,117.24. Following the transaction, the insider now directly owns 6,825 shares of the company’s stock, valued at $980,138.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors have recently bought and sold shares of DLTR. BlackRock Inc. increased its holdings in shares of Dollar Tree by 0.3% in the first quarter. BlackRock Inc. now owns 16,041,782 shares of the company’s stock valued at $2,302,798,000 after purchasing an additional 50,496 shares during the period. Mantle Ridge LP increased its holdings in shares of Dollar Tree by 11,365,431.0% in the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after purchasing an additional 11,365,431 shares during the period. State Street Corp increased its holdings in shares of Dollar Tree by 1.5% in the second quarter. State Street Corp now owns 9,065,379 shares of the company’s stock valued at $1,300,882,000 after purchasing an additional 132,041 shares during the period. Capital International Investors increased its holdings in shares of Dollar Tree by 27.0% in the second quarter. Capital International Investors now owns 7,612,033 shares of the company’s stock valued at $1,092,327,000 after purchasing an additional 1,619,234 shares during the period. Finally, EdgePoint Investment Group Inc. increased its holdings in shares of Dollar Tree by 6.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 4,864,910 shares of the company’s stock valued at $688,093,000 after purchasing an additional 290,842 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail 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.