Dollar Tree, Inc. (DLTR) Given Average Rating of “Buy” by Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received an average recommendation of “Buy” from the thirty-one analysts that are presently covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $101.80.

Several analysts have issued reports on the company. Loop Capital cut Dollar Tree from a “buy” rating to a “hold” rating and dropped their target price for the company from $115.00 to $105.00 in a report on Monday, April 8th. Wolfe Research assumed coverage on Dollar Tree in a report on Monday, February 11th. They issued a “market perform” rating for the company. ValuEngine cut Dollar Tree from a “buy” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub cut Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Finally, Gordon Haskett upgraded Dollar Tree from a “hold” rating to an “accumulate” rating and set a $110.00 price target for the company in a report on Monday, January 7th.

In related news, insider Robert H. Rudman sold 5,110 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $104.43, for a total transaction of $533,637.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arnold S. Barron sold 11,667 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $101.61, for a total value of $1,185,483.87. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $1,524,150. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,947 shares of company stock valued at $3,480,102. Company insiders own 1.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its holdings in Dollar Tree by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the company’s stock valued at $1,324,000 after acquiring an additional 100 shares during the period. Parallel Advisors LLC boosted its holdings in Dollar Tree by 20.8% during the 4th quarter. Parallel Advisors LLC now owns 598 shares of the company’s stock valued at $54,000 after acquiring an additional 103 shares during the period. Boltwood Capital Management boosted its holdings in Dollar Tree by 1.1% during the 4th quarter. Boltwood Capital Management now owns 9,635 shares of the company’s stock valued at $870,000 after acquiring an additional 105 shares during the period. Burney Co. boosted its holdings in Dollar Tree by 0.5% during the 4th quarter. Burney Co. now owns 23,421 shares of the company’s stock valued at $2,115,000 after acquiring an additional 113 shares during the period. Finally, Cigna Investments Inc. New boosted its holdings in Dollar Tree by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 7,021 shares of the company’s stock valued at $634,000 after acquiring an additional 120 shares during the period. Institutional investors own 94.90% of the company’s stock.

Shares of DLTR stock traded down $0.01 during trading hours on Monday, hitting $108.66. 123,488 shares of the company’s stock were exchanged, compared to its average volume of 1,983,132. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $109.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.12 and a beta of 0.43.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The firm had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the company earned $1.89 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Analysts anticipate that Dollar Tree will post 5.23 earnings per share for the current fiscal year.

About Dollar Tree

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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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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