Dollar Tree (NASDAQ:DLTR) was upgraded by research analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating in a research report issued on Thursday, March 21st, Marketbeat.com reports. The firm presently has a $102.07 price target on the stock. Gordon Haskett’s price target points to a potential downside of 4.44% from the company’s current price.
A number of other equities research analysts also recently commented on the stock. Wolfe Research started coverage on shares of Dollar Tree in a research report on Monday, February 11th. They issued a “market perform” rating for the company. FIX downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th. BMO Capital Markets initiated coverage on shares of Dollar Tree in a research report on Thursday, January 10th. They set a “market perform” rating for the company. BidaskClub downgraded shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 19th. Finally, Buckingham Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 8th. Thirteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Dollar Tree presently has an average rating of “Buy” and a consensus price target of $101.37.
Shares of DLTR stock traded up $2.36 during mid-day trading on Thursday, hitting $106.81. 2,176,105 shares of the stock were exchanged, compared to its average volume of 2,421,124. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.36 and a current ratio of 2.05. Dollar Tree has a 12-month low of $78.78 and a 12-month high of $107.00. The firm has a market cap of $25.08 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.04 and a beta of 0.43.
In related news, insider William A. Old, Jr. sold 6,580 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $102.75, for a total transaction of $676,095.00. Following the completion of the sale, the insider now directly owns 8,960 shares of the company’s stock, valued at approximately $920,640. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arnold S. Barron sold 11,667 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $101.61, for a total transaction of $1,185,483.87. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $1,524,150. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,947 shares of company stock valued at $3,480,102. 1.50% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Executive Wealth Management LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $26,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $31,000. Riverview Trust Co acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $32,000. Rehmann Capital Advisory Group raised its stake in shares of Dollar Tree by 131.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 382 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Finally, Resources Investment Advisors Inc. raised its stake in shares of Dollar Tree by 92.5% in the 4th quarter. Resources Investment Advisors Inc. now owns 385 shares of the company’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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