StockNews.com Upgrades Dollar Tree (NASDAQ:DLTR) to Hold

Dollar Tree (NASDAQ:DLTR) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

DLTR has been the subject of a number of other reports. Truist Financial reduced their target price on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Telsey Advisory Group downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. Barclays dropped their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. UBS Group cut their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Citigroup dropped their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $88.11.

Dollar Tree Stock Up 4.6 %

Shares of NASDAQ:DLTR opened at $65.15 on Tuesday. The company has a 50 day moving average price of $68.02 and a two-hundred day moving average price of $93.12. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The company has a market capitalization of $14.01 billion, a PE ratio of -13.35, a PEG ratio of 2.63 and a beta of 0.87. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Analysts forecast that Dollar Tree will post 5.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DLTR. Envestnet Portfolio Solutions Inc. increased its holdings in Dollar Tree by 4.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,410 shares of the company’s stock worth $720,000 after purchasing an additional 239 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Dollar Tree by 31.1% in the first quarter. Empowered Funds LLC now owns 2,750 shares of the company’s stock valued at $366,000 after buying an additional 653 shares during the period. Inspire Investing LLC raised its holdings in Dollar Tree by 5.9% in the 1st quarter. Inspire Investing LLC now owns 3,314 shares of the company’s stock valued at $441,000 after buying an additional 185 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Dollar Tree by 165.6% during the 1st quarter. Russell Investments Group Ltd. now owns 157,400 shares of the company’s stock worth $20,950,000 after buying an additional 98,134 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in Dollar Tree by 13.8% during the 1st quarter. Bleakley Financial Group LLC now owns 2,781 shares of the company’s stock worth $370,000 after acquiring an additional 337 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.