Dollar Tree (NASDAQ:DLTR) Earns Hold Rating from Analysts at Melius Research

Equities researchers at Melius Research started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a note issued to investors on Monday, Benzinga reports. The firm set a “hold” rating and a $70.00 price target on the stock. Melius Research’s target price indicates a potential downside of 3.67% from the company’s current price.

DLTR has been the topic of a number of other research reports. Wells Fargo & Company dropped their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Citigroup lowered their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Barclays cut their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group lowered their price target on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Finally, BMO Capital Markets cut Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $91.40.

Dollar Tree Trading Up 1.3 %

Shares of Dollar Tree stock traded up $0.94 on Monday, reaching $72.67. 2,021,756 shares of the company’s stock were exchanged, compared to its average volume of 3,195,125. The firm’s 50-day moving average is $90.72 and its two-hundred day moving average is $109.32. The company has a market capitalization of $15.62 billion, a P/E ratio of -15.80, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree has a 52 week low of $60.81 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Sell-side analysts predict that Dollar Tree will post 5.33 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction 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 transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Aflatooni sold 827 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree in the 2nd quarter valued at approximately $26,000. United Community Bank acquired a new position in Dollar Tree during the 4th quarter valued at approximately $27,000. Register Financial Advisors LLC purchased a new position in shares of Dollar Tree in the first quarter worth about $28,000. Finally, Mather Group LLC. boosted its stake in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 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.