Dollar Tree (NASDAQ:DLTR) Downgraded by ValuEngine

Dollar Tree (NASDAQ:DLTR) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, April 1st, ValuEngine reports.

Other research analysts also recently issued research reports about the company. Wolfe Research started coverage on Dollar Tree in a research note on Monday, February 11th. They issued a “market perform” rating for the company. FIX downgraded Dollar Tree from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 10th. BMO Capital Markets started coverage on Dollar Tree in a research note on Thursday, January 10th. They issued a “market perform” rating for the company. BidaskClub downgraded Dollar Tree from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 19th. Finally, Buckingham Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 8th. Twelve investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $102.28.

Shares of NASDAQ:DLTR traded down $0.82 during trading on Monday, reaching $109.94. 980,851 shares of the stock were exchanged, compared to its average volume of 2,328,911. Dollar Tree has a 1-year low of $78.78 and a 1-year high of $111.53. The firm has a market capitalization of $26.22 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.13 and a beta of 0.43. The company has a quick ratio of 0.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.76.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. Dollar Tree’s revenue was down 2.4% compared to the same quarter last year. Equities research analysts anticipate that Dollar Tree will post 5.23 earnings per share for the current fiscal year.

In related news, Director Lemuel E. Lewis acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $99.98 per share, with a total value of $99,980.00. Following the acquisition, the director now owns 21,114 shares of the company’s stock, valued at approximately $2,110,977.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary M. Philbin sold 9,614 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $110.00, for a total value of $1,057,540.00. Following the sale, the chief executive officer now directly owns 84,665 shares in the company, valued at approximately $9,313,150. The disclosure for this sale can be found here. Insiders have sold a total of 43,561 shares of company stock worth $4,537,642 in the last three months. 1.50% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Graves Light Private Wealth Management Inc. bought a new position in shares of Dollar Tree during the 4th quarter valued at about $233,000. Bank of Montreal Can grew its position in Dollar Tree by 19.3% during the 4th quarter. Bank of Montreal Can now owns 312,809 shares of the company’s stock worth $28,254,000 after acquiring an additional 50,536 shares during the last quarter. Huntington National Bank grew its position in Dollar Tree by 38.3% during the 4th quarter. Huntington National Bank now owns 201,431 shares of the company’s stock worth $18,193,000 after acquiring an additional 55,831 shares during the last quarter. Clean Yield Group bought a new position in Dollar Tree during the 4th quarter worth approximately $45,000. Finally, United Services Automobile Association grew its position in Dollar Tree by 0.8% during the 3rd quarter. United Services Automobile Association now owns 142,143 shares of the company’s stock worth $11,592,000 after acquiring an additional 1,143 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

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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