Dollar Tree (NASDAQ:DLTR) Upgraded to “Buy” at StockNews.com

Posted by on Jun 21st, 2022

Dollar Tree (NASDAQ:DLTR – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other equities analysts also recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Dollar Tree from $181.00 to $191.00 in a report on Friday, May 27th. Morgan Stanley boosted their price target on shares of Dollar Tree from $150.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, May 27th. Guggenheim boosted their price target on shares of Dollar Tree to $185.00 in a report on Friday, May 27th. Barclays boosted their price target on shares of Dollar Tree from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 27th. Finally, BMO Capital Markets boosted their price target on shares of Dollar Tree from $180.00 to $187.00 in a report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $163.82.

DLTR opened at $150.09 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.46 and a quick ratio of 0.35. The company has a market capitalization of $33.70 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.19 and a beta of 0.70. The firm’s fifty day moving average price is $159.00 and its two-hundred day moving average price is $148.15. Dollar Tree has a 1 year low of $84.26 and a 1 year high of $177.19.

Dollar Tree (NASDAQ:DLTR – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.37. The firm had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $6.77 billion. Dollar Tree had a net margin of 5.57% and a return on equity of 19.71%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. As a group, equities analysts anticipate that Dollar Tree will post 8.15 EPS for the current year.

In other news, insider David A. Jacobs sold 542 shares of the company’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $157.94, for a total transaction of $85,603.48. Following the sale, the insider now directly owns 17,085 shares in the company, valued at $2,698,404.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel J. Heinrich purchased 425 shares of the firm’s stock in a transaction dated Monday, March 28th. The shares were bought at an average price of $156.09 per share, for a total transaction of $66,338.25. The disclosure for this purchase can be found here. Corporate insiders own 5.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of DLTR. Allworth Financial LP increased its position in shares of Dollar Tree by 629.6% in the fourth quarter. Allworth Financial LP now owns 197 shares of the company’s stock worth $28,000 after purchasing an additional 170 shares during the last quarter. Missouri Trust & Investment Co bought a new position in shares of Dollar Tree in the fourth quarter worth approximately $31,000. Hanson & Doremus Investment Management bought a new position in shares of Dollar Tree in the fourth quarter worth approximately $32,000. Covestor Ltd purchased a new stake in Dollar Tree in the fourth quarter worth approximately $32,000. Finally, Karlinski Andrew C purchased a new stake in Dollar Tree in the first quarter worth approximately $32,000. Institutional investors own 98.54% of the company’s stock.

Dollar Tree Company Profile (Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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