Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Recommendation of “Hold” by Brokerages

Dollar Tree, Inc. (NASDAQ:DLTR) has been given an average recommendation of “Hold” by the twenty research firms that are currently covering the company, MarketBeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $88.11.

DLTR has been the topic of several research analyst reports. Melius Research started coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They set a “hold” rating and a $70.00 target price on the stock. Wells Fargo & Company decreased their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Citigroup lowered their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Truist Financial reduced their price objective on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Loop Capital cut Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Thursday, September 5th.

Dollar Tree Stock Down 0.1 %

Shares of NASDAQ DLTR opened at $66.77 on Wednesday. Dollar Tree has a 1 year low of $60.81 and a 1 year high of $151.21. 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 firm has a market cap of $14.35 billion, a price-to-earnings ratio of -13.68, a PEG ratio of 2.82 and a beta of 0.87. The stock’s 50-day simple moving average is $70.40 and its 200-day simple moving average is $95.23.

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

Insider Activity

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

Institutional Investors Weigh In On Dollar Tree

Hedge funds have recently modified their holdings of the business. Primecap Management Co. CA lifted its stake in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after buying an additional 957,275 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Dollar Tree by 14.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after acquiring an additional 348,442 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Dollar Tree by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock worth $266,124,000 after purchasing an additional 138,042 shares in the last quarter. American Century Companies Inc. increased its position in shares of Dollar Tree by 6.6% during the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after purchasing an additional 124,021 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in shares of Dollar Tree by 0.7% during the first quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock valued at $246,526,000 after purchasing an additional 12,845 shares during the period. 97.40% of the stock is owned by institutional investors.

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.