Dollar Tree (NASDAQ:DLTR) Now Covered by Analysts at Sanford C. Bernstein

Sanford C. Bernstein assumed coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note published on Tuesday, Marketbeat reports. The brokerage issued a market perform rating and a $76.00 price target on the stock.

Several other research analysts have also recently weighed in on DLTR. Guggenheim cut their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Thursday, September 5th. KeyCorp cut their target price on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Finally, Barclays lowered their price objective on 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. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $88.53.

Dollar Tree Trading Up 1.2 %

NASDAQ DLTR opened at $66.95 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 $60.81 and a one year high of $151.21. The business has a 50 day simple moving average of $76.21 and a 200 day simple moving average of $99.21. The stock has a market capitalization of $14.39 billion, a P/E ratio of -14.59, a P/E/G ratio of 2.95 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the company earned $0.91 earnings per share. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts expect that Dollar Tree will post 5.33 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Dollar Tree

Large investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new stake in Dollar Tree during the 2nd quarter worth approximately $26,000. Register Financial Advisors LLC purchased a new position in Dollar Tree during the 1st quarter valued at $28,000. Mather Group LLC. increased its position in shares of Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares during the period. Eastern Bank bought a new stake in shares of Dollar Tree in the third quarter valued at about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree in the second quarter worth approximately $37,000. 97.40% of the stock is currently owned by institutional investors.

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.