Dollar Tree (NASDAQ:DLTR) Shares Gap Up Following Analyst Upgrade

Dollar Tree, Inc. (NASDAQ:DLTR)’s share price gapped up before the market opened on Thursday after Evercore ISI raised their price target on the stock from $79.00 to $85.00. The stock had previously closed at $69.21, but opened at $70.76. Evercore ISI currently has an in-line rating on the stock. Dollar Tree shares last traded at $73.12, with a volume of 2,002,063 shares trading hands.

DLTR has been the subject of a number of other reports. Guggenheim dropped their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. BMO Capital Markets increased their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Loop Capital boosted their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group boosted their target price on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.68.

Institutional Investors Weigh In On Dollar Tree

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC lifted its stake in Dollar Tree by 28.3% in the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock valued at $141,000 after acquiring an additional 442 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Dollar Tree by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after purchasing an additional 10,681 shares during the period. Daiwa Securities Group Inc. lifted its stake in Dollar Tree by 9.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 41,216 shares of the company’s stock valued at $2,898,000 after purchasing an additional 3,680 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Dollar Tree in the 3rd quarter valued at about $48,000. Finally, Townsquare Capital LLC raised its stake in Dollar Tree by 5.6% in the third quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock valued at $1,226,000 after buying an additional 931 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $16.54 billion, a P/E ratio of -16.13, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a 50 day moving average price of $71.15 and a 200 day moving average price of $70.18.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.55 EPS. On average, equities analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.