Dollar Tree (DLTR) Receives “Hold” Rating from Morgan Stanley

Dollar Tree (NASDAQ:DLTR)‘s stock had its “hold” rating reiterated by stock analysts at Morgan Stanley in a report released on Sunday.

Several other equities research analysts also recently weighed in on DLTR. Atlantic Securities raised Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 price target for the company in a report on Monday, August 13th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, August 14th. OTR Global downgraded Dollar Tree to a “positive” rating in a report on Wednesday, August 22nd. BidaskClub downgraded Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Finally, Loop Capital decreased their price target on Dollar Tree from $120.00 to $106.00 and set a “sell” rating for the company in a report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the company. Dollar Tree has a consensus rating of “Hold” and an average price target of $102.11.

Shares of NASDAQ DLTR opened at $86.67 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.48. Dollar Tree has a 1-year low of $78.78 and a 1-year high of $116.65. The firm has a market cap of $20.65 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.12 and a beta of 0.65.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.03. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The firm had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.55 billion. During the same period last year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Dollar Tree will post 5.46 earnings per share for the current fiscal year.

In other Dollar Tree news, Director Lemuel E. Lewis bought 1,210 shares of Dollar Tree stock in a transaction on Thursday, September 27th. The stock was bought at an average price of $82.75 per share, with a total value of $100,127.50. Following the completion of the acquisition, the director now owns 20,114 shares in the company, valued at $1,664,433.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in DLTR. Price Capital Management Inc. acquired a new position in shares of Dollar Tree during the 3rd quarter worth $106,000. SRS Capital Advisors Inc. raised its stake in shares of Dollar Tree by 252.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock worth $115,000 after buying an additional 1,009 shares during the last quarter. Signet Financial Management LLC acquired a new position in shares of Dollar Tree during the 2nd quarter worth $121,000. Stelac Advisory Services LLC acquired a new position in shares of Dollar Tree during the 3rd quarter worth $121,000. Finally, Bbva Compass Bancshares Inc. acquired a new position in shares of Dollar Tree during the 3rd quarter worth $147,000. 92.14% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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