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

Dollar Tree, Inc. (NASDAQ:DLTR) has received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $150.05.

Several research firms have recently commented on DLTR. Jefferies Financial Group decreased their price objective on Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. TheStreet downgraded Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Gordon Haskett downgraded Dollar Tree from a “buy” rating to a “hold” rating and reduced their price objective for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Evercore ISI dropped their price target on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research report on Tuesday. Finally, Loop Capital dropped their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th.

Insider Activity at Dollar Tree

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

Institutional Investors Weigh In On Dollar Tree

A number of large investors have recently modified their holdings of the stock. Leeward Investments LLC MA lifted its position in Dollar Tree by 4.9% during the 1st quarter. Leeward Investments LLC MA now owns 82,525 shares of the company’s stock valued at $10,988,000 after acquiring an additional 3,887 shares during the period. First Trust Direct Indexing L.P. lifted its position in Dollar Tree by 9.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 4,893 shares of the company’s stock valued at $652,000 after acquiring an additional 423 shares during the period. Norden Group LLC purchased a new position in Dollar Tree during the 1st quarter valued at about $1,553,000. Citizens Business Bank purchased a new position in Dollar Tree during the 1st quarter valued at about $2,791,000. Finally, Norris Perne & French LLP MI lifted its position in Dollar Tree by 1.9% during the 1st quarter. Norris Perne & French LLP MI now owns 135,676 shares of the company’s stock valued at $18,065,000 after acquiring an additional 2,507 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of DLTR opened at $122.03 on Friday. The firm has a market cap of $26.60 billion, a PE ratio of -26.41, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90. Dollar Tree has a 52-week low of $102.77 and a 52-week high of $161.10. The business’s 50 day moving average price is $136.07 and its two-hundred day moving average price is $128.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.04 EPS. On average, equities analysts anticipate that Dollar Tree will post 6.91 EPS for the current year.

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.