Dollar Tree (NASDAQ:DLTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to a buy rating in a research report report published on Saturday.

DLTR has been the topic of several other research reports. BNP Paribas Exane lowered shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price target on the stock. in a report on Wednesday, January 21st. Morgan Stanley reduced their price objective on shares of Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Dollar Tree in a research report on Tuesday, March 17th. Bank of America increased their price target on shares of Dollar Tree from $85.00 to $89.00 and gave the stock an “underperform” rating in a research report on Monday, March 16th. Finally, Citigroup cut their price target on shares of Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $123.24.

Dollar Tree Price Performance

Shares of DLTR stock opened at $108.27 on Friday. The stock has a 50 day moving average of $123.09 and a two-hundred day moving average of $112.87. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. Dollar Tree has a 12 month low of $61.87 and a 12 month high of $142.40. The company has a market capitalization of $21.36 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.33 and a beta of 0.73.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.Dollar Tree’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.11 earnings per share. As a group, equities analysts expect that Dollar Tree will post 5.39 EPS for the current year.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. NewEdge Advisors LLC increased its stake in shares of Dollar Tree by 3,237.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,750 shares of the company’s stock valued at $1,032,000 after buying an additional 13,338 shares during the period. Woodline Partners LP boosted its holdings in Dollar Tree by 40.7% in the first quarter. Woodline Partners LP now owns 17,078 shares of the company’s stock valued at $1,282,000 after acquiring an additional 4,941 shares during the last quarter. Focus Partners Wealth boosted its holdings in Dollar Tree by 2.0% in the first quarter. Focus Partners Wealth now owns 10,646 shares of the company’s stock valued at $799,000 after acquiring an additional 213 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Dollar Tree in the second quarter worth about $257,000. Finally, Allworth Financial LP increased its position in Dollar Tree by 75.6% in the second quarter. Allworth Financial LP now owns 815 shares of the company’s stock worth $81,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.