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

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

Other research analysts have also issued reports about the company. Evercore ISI cut their target price on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. Piper Sandler decreased their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group dropped their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Finally, Melius Research began coverage on Dollar Tree in a report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective on the stock. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $88.11.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $65.15 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree has a one year low of $60.49 and a one year high of $151.21. The company has a fifty day moving average price of $68.02 and a 200 day moving average price of $93.12. The stock has a market cap of $14.01 billion, a P/E ratio of -13.35, a PEG ratio of 2.63 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its earnings results 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 negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Analysts anticipate 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 the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after purchasing an additional 1,797 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Dollar Tree during the second quarter worth approximately $779,000. Raymond James & Associates lifted its holdings in Dollar Tree by 80.6% in the third quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock valued at $21,805,000 after buying an additional 138,415 shares during the period. Forsta AP Fonden boosted its stake in Dollar Tree by 174.7% in the third quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock valued at $6,934,000 after acquiring an additional 62,700 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings in Dollar Tree by 132.3% during the 3rd quarter. Confluence Investment Management LLC now owns 298,833 shares of the company’s stock worth $21,014,000 after acquiring an additional 170,193 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

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.