Dollar Tree (NASDAQ:DLTR) Raised to Positive at OTR Global

OTR Global upgraded shares of Dollar Tree (NASDAQ:DLTRGet Rating) from a mixed rating to a positive rating in a research report report published on Wednesday morning, The Fly reports.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dollar Tree from $185.00 to $163.00 and set a buy rating for the company in a report on Monday, August 29th. Piper Sandler decreased their price objective on shares of Dollar Tree from $191.00 to $167.00 and set an overweight rating for the company in a report on Friday, August 26th. TheStreet upgraded shares of Dollar Tree from a c+ rating to a b- rating in a report on Monday, October 31st. Morgan Stanley decreased their price objective on shares of Dollar Tree from $160.00 to $145.00 and set an equal weight rating for the company in a report on Friday, August 26th. Finally, Telsey Advisory Group decreased their price objective on shares of Dollar Tree from $185.00 to $170.00 and set an outperform rating for the company in a report on Friday, August 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Dollar Tree currently has a consensus rating of Moderate Buy and a consensus target price of $165.56.

Dollar Tree Price Performance

DLTR stock opened at $163.36 on Wednesday. The firm has a 50 day moving average price of $147.78 and a 200-day moving average price of $154.11. Dollar Tree has a 52-week low of $123.62 and a 52-week high of $177.19. The firm has a market capitalization of $36.58 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 1.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 1.46.

Dollar Tree (NASDAQ:DLTRGet Rating) last released its earnings results on Thursday, August 25th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. Dollar Tree had a net margin of 5.77% and a return on equity of 19.83%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.80 billion. During the same period last year, the business earned $1.23 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Equities research analysts forecast that Dollar Tree will post 7.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

Hedge funds have recently modified their holdings of the business. Ellevest Inc. grew its position in shares of Dollar Tree by 452.8% during the 2nd quarter. Ellevest Inc. now owns 199 shares of the company’s stock valued at $31,000 after acquiring an additional 163 shares during the period. Karlinski Andrew C purchased a new position in shares of Dollar Tree during the 1st quarter valued at $32,000. Providence Capital Advisors LLC lifted its stake in shares of Dollar Tree by 95.2% during the 1st quarter. Providence Capital Advisors LLC now owns 203 shares of the company’s stock valued at $33,000 after buying an additional 99 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of Dollar Tree by 517.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 216 shares of the company’s stock valued at $34,000 after buying an additional 181 shares in the last quarter. Finally, Alpha Paradigm Partners LLC purchased a new position in shares of Dollar Tree during the 3rd quarter valued at $35,000. Institutional investors own 95.04% 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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