Dollar Tree (NASDAQ:DLTR) Downgraded by Gordon Haskett to “Accumulate”

Gordon Haskett downgraded shares of Dollar Tree (NASDAQ:DLTR – Get Rating) from a buy rating to an accumulate rating in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has $163.00 price target on the stock.

Other analysts have also issued research reports about the company. StockNews.com initiated coverage on Dollar Tree in a report on Wednesday, October 12th. They set a hold rating on the stock. JPMorgan Chase & Co. lowered their target price on shares of Dollar Tree from $170.00 to $160.00 and set an overweight rating for the company in a report on Thursday, January 19th. UBS Group upped their price target on shares of Dollar Tree from $171.00 to $177.00 in a report on Wednesday, November 23rd. Truist Financial set a $170.00 price objective on shares of Dollar Tree in a research note on Thursday, November 24th. Finally, Evercore ISI cut their target price on Dollar Tree from $170.00 to $160.00 in a research note on Wednesday, November 23rd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $171.13.

Dollar Tree Stock Down 3.0 %

Shares of DLTR opened at $146.52 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 0.17. The stock has a market capitalization of $32.81 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.37 and a beta of 0.70. Dollar Tree has a 1 year low of $124.76 and a 1 year high of $177.19. The business’s 50 day simple moving average is $146.73 and its 200-day simple moving average is $150.77.

Dollar Tree (NASDAQ:DLTR – Get Rating) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. As a group, equities analysts expect that Dollar Tree will post 7.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dollar Tree

A number of large investors have recently bought and sold shares of DLTR. American National Bank increased its holdings in shares of Dollar Tree by 905.0% in the 4th quarter. American National Bank now owns 201 shares of the company’s stock valued at $28,000 after acquiring an additional 181 shares during the period. Ellevest Inc. boosted its position in Dollar Tree by 452.8% during the second quarter. Ellevest Inc. now owns 199 shares of the company’s stock valued at $31,000 after purchasing an additional 163 shares in the last quarter. Alpha Paradigm Partners LLC purchased a new position in Dollar Tree in the third quarter valued at about $35,000. TCI Wealth Advisors Inc. raised its holdings in Dollar Tree by 68.6% in the second quarter. TCI Wealth Advisors Inc. now owns 231 shares of the company’s stock worth $36,000 after purchasing an additional 94 shares in the last quarter. Finally, Fred Alger Management LLC purchased a new stake in shares of Dollar Tree during the third quarter valued at about $37,000. Institutional investors own 97.04% of the company’s stock.

Dollar Tree Company Profile

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.