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

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned an average recommendation of “Hold” from the twenty-one analysts that are presently covering the company, Marketbeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $85.58.

Several research firms recently weighed in on DLTR. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Barclays reduced their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley lowered their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. UBS Group reduced their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, The Goldman Sachs Group decreased their target price on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th.

Hedge Funds Weigh In On Dollar Tree

Institutional investors have recently bought and sold shares of the stock. Strategic Financial Concepts LLC purchased a new position in Dollar Tree during the second quarter valued at approximately $26,000. Eastern Bank purchased a new position in shares of Dollar Tree during the 3rd quarter valued at $34,000. First Horizon Advisors Inc. boosted its holdings in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares during the period. Sunbelt Securities Inc. increased its stake in Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after buying an additional 554 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Dollar Tree during the third quarter valued at about $48,000. 97.40% of the stock is owned by institutional investors.

Dollar Tree Trading Down 0.5 %

Shares of DLTR opened at $73.38 on Thursday. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of -15.38, a PEG ratio of 2.28 and a beta of 0.92. The firm has a 50 day moving average price of $68.03 and a 200-day moving average price of $83.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree will post 5.39 earnings per share for the current year.

Dollar Tree Company Profile

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.