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

Dollar Tree (NASDAQ:DLTR) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

A number of other research firms have also issued reports on DLTR. Loop Capital reduced their target price on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Guggenheim upped their target price 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. BMO Capital Markets reduced their target price on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, March 14th. Piper Sandler cut their price objective on shares of Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.75.

Dollar Tree Price Performance

Dollar Tree stock opened at $133.15 on Wednesday. Dollar Tree has a 52 week low of $102.77 and a 52 week high of $161.10. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $138.01 and its 200 day simple moving average is $126.14. The firm has a market capitalization of $29.02 billion, a PE ratio of -28.82, a P/E/G ratio of 1.20 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $2.04 earnings per share. On average, equities research analysts predict that Dollar Tree will post 6.92 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel J. Heinrich acquired 1,000 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Institutional Trading of Dollar Tree

Several large investors have recently bought and sold shares of DLTR. Mantle Ridge LP grew its position in Dollar Tree by 11,365,431.0% in the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after acquiring an additional 11,365,431 shares in the last quarter. Capital International Investors boosted its stake in shares of Dollar Tree by 30.1% during 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 last quarter. Norges Bank purchased a new position in shares of Dollar Tree during the 4th quarter valued at approximately $333,373,000. Morgan Stanley boosted its stake in shares of Dollar Tree by 95.9% during the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after buying an additional 2,145,910 shares during the last quarter. Finally, FIL Ltd boosted its stake in shares of Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after buying an additional 1,566,392 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Dollar Tree

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.