Dollar Tree (NASDAQ:DLTR) Stock Rating Upgraded by Redburn Atlantic

Dollar Tree (NASDAQ:DLTR) was upgraded by Redburn Atlantic to a “hold” rating in a report released on Monday, Zacks.com reports.

A number of other equities research analysts also recently issued reports on DLTR. JPMorgan Chase & Co. downgraded shares of Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $111.00 to $70.00 in a research report on Wednesday, September 4th. BMO Capital Markets lowered Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $130.00 to $68.00 in a report on Thursday, September 5th. Melius Research initiated coverage on Dollar Tree in a report on Monday. They set a “hold” rating and a $70.00 price target on the stock. Evercore ISI reduced their price objective on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a research note 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $91.40.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $72.88 on Monday. Dollar Tree has a 52 week low of $60.81 and a 52 week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $88.71 and a 200-day moving average price of $107.97. The company has a market cap of $15.67 billion, a PE ratio of -15.88, a price-to-earnings-growth ratio of 3.04 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. Equities analysts anticipate that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dorsal Capital Management LP purchased a new position in shares of Dollar Tree during the 4th quarter valued at $35,512,000. Wellington Management Group LLP raised its position in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after buying an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Dollar Tree by 92.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after buying an additional 70,478 shares in the last quarter. Bridgefront Capital LLC increased its stake in Dollar Tree by 62.5% in the 4th quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock worth $699,000 after acquiring an additional 1,892 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

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.