Dollar Tree (NASDAQ:DLTR) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a report released on Wednesday morning.

DLTR has been the topic of several other reports. JPMorgan Chase & Co. cut their price target on shares of Dollar Tree from $165.00 to $144.00 and set an overweight rating on the stock in a report on Thursday, March 14th. Piper Sandler decreased their price target on Dollar Tree from $171.00 to $168.00 and set an overweight rating for the company in a research note on Thursday, March 14th. Gordon Haskett upgraded Dollar Tree from an accumulate rating to a buy rating and set a $160.00 price objective for the company in a report on Wednesday, February 7th. Morgan Stanley reduced their target price on Dollar Tree from $140.00 to $135.00 and set an equal weight rating on the stock in a research note on Thursday, November 30th. Finally, Guggenheim lifted their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Dollar Tree presently has an average rating of Moderate Buy and a consensus price target of $150.75.

Dollar Tree Stock Up 3.9 %

Shares of NASDAQ:DLTR opened at $132.50 on Wednesday. The company has a market cap of $28.88 billion, a price-to-earnings ratio of -28.68, a PEG ratio of 1.19 and a beta of 0.92. Dollar Tree has a 12 month low of $102.77 and a 12 month high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $138.07 and a 200 day moving average price of $126.10.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. Dollar Tree’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.04 earnings per share. As a group, equities research analysts predict that Dollar Tree will post 6.92 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 1,000 shares of Dollar Tree stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Capital World Investors increased its holdings in Dollar Tree by 2.8% in the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock worth $2,501,314,000 after buying an additional 487,180 shares during the period. BlackRock Inc. raised its stake in shares of Dollar Tree by 0.3% during the 1st quarter. BlackRock Inc. now owns 16,041,782 shares of the company’s stock valued at $2,302,798,000 after buying an additional 50,496 shares during the last quarter. Mantle Ridge LP lifted its holdings in shares of Dollar Tree by 11,365,431.0% in the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after buying an additional 11,365,431 shares during the period. Capital International Investors lifted its holdings in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after buying an additional 2,445,827 shares during the period. Finally, State Street Corp grew its holdings in Dollar Tree by 1.5% during the second quarter. State Street Corp now owns 9,065,379 shares of the company’s stock worth $1,300,882,000 after acquiring an additional 132,041 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. The company 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, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, 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.