Dollar Tree (DLTR) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a research report released on Friday.

A number of other equities research analysts have also recently issued reports on DLTR. Credit Suisse Group set a $96.00 price objective on shares of Dollar Tree and gave the stock a buy rating in a report on Monday, November 26th. BidaskClub upgraded shares of Dollar Tree from a hold rating to a buy rating in a report on Friday, October 19th. Barclays set a $84.00 price objective on shares of Dollar Tree and gave the stock a hold rating in a report on Thursday, September 27th. Raymond James decreased their price objective on shares of Dollar Tree from $95.00 to $90.00 and set an outperform rating for the company in a report on Friday, August 31st. Finally, Zacks Investment Research cut shares of Dollar Tree from a buy rating to a hold rating in a report on Friday, August 31st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the stock. Dollar Tree presently has a consensus rating of Hold and an average target price of $101.90.

Shares of NASDAQ:DLTR opened at $86.77 on Friday. The firm has a market capitalization of $21.04 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.14 and a beta of 0.62. Dollar Tree has a 1 year low of $78.78 and a 1 year high of $116.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.52.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.03. The firm had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.55 billion. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. Dollar Tree’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. As a group, equities analysts anticipate that Dollar Tree will post 5.46 EPS for the current year.

In other news, Director Lemuel E. Lewis purchased 1,210 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was bought at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the completion of the acquisition, the director now directly owns 20,114 shares of the company’s stock, valued at $1,664,433.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. MUFG Americas Holdings Corp raised its position in shares of Dollar Tree by 0.6% during the second quarter. MUFG Americas Holdings Corp now owns 101,801 shares of the company’s stock valued at $8,653,000 after buying an additional 573 shares during the last quarter. Dupont Capital Management Corp raised its position in shares of Dollar Tree by 35.2% during the second quarter. Dupont Capital Management Corp now owns 2,206 shares of the company’s stock valued at $188,000 after buying an additional 574 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Dollar Tree by 0.9% during the second quarter. State Treasurer State of Michigan now owns 70,410 shares of the company’s stock valued at $5,985,000 after buying an additional 600 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Dollar Tree by 16.5% during the third quarter. Penserra Capital Management LLC now owns 4,784 shares of the company’s stock valued at $390,000 after buying an additional 676 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Dollar Tree by 46.0% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,190 shares of the company’s stock valued at $186,000 after buying an additional 690 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Featured Article: Liquidity

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit