Dollar Tree (DLTR) Upgraded to “Overweight” by Piper Jaffray

Dollar Tree (NASDAQ:DLTR) was upgraded by analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating in a note issued to investors on Monday, The Fly reports.

Several other research firms have also recently commented on DLTR. Moffett Nathanson initiated coverage on shares of Dollar Tree in a research note on Monday, December 4th. They set a “buy” rating on the stock. BidaskClub cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Loop Capital reissued a “hold” rating and set a $92.00 price target (down from $100.00) on shares of Dollar Tree in a research note on Wednesday, March 7th. BMO Capital Markets decreased their price target on shares of Dollar Tree from $115.00 to $97.00 and set a “hold” rating on the stock in a research note on Thursday, March 8th. Finally, Wells Fargo reissued an “outperform” rating and set a $138.00 price target (up from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 16th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $107.40.

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Shares of Dollar Tree (NASDAQ DLTR) opened at $91.95 on Monday. Dollar Tree has a 52 week low of $65.63 and a 52 week high of $116.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. The company has a market cap of $21,823.04, a P/E ratio of 12.75, a PEG ratio of 1.12 and a beta of 0.80.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the company earned $1.36 earnings per share. Dollar Tree’s revenue for the quarter was up 12.9% compared to the same quarter last year. analysts anticipate that Dollar Tree will post 5.63 EPS for the current fiscal year.

In other news, Director Arnold S. Barron sold 6,023 shares of Dollar Tree stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $94.49, for a total transaction of $569,113.27. Following the transaction, the director now directly owns 26,667 shares of the company’s stock, valued at $2,519,764.83. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Conrad M. Hall purchased 10,000 shares of Dollar Tree stock in a transaction dated Friday, March 9th. The shares were purchased at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the completion of the transaction, the director now owns 799 shares of the company’s stock, valued at $73,372.17. The disclosure for this purchase can be found here. Company insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Dollar Tree by 45.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 9,718 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,019 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Dollar Tree by 8.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 37,914 shares of the company’s stock worth $4,069,000 after purchasing an additional 2,793 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Dollar Tree by 3.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 72,477 shares of the company’s stock worth $7,779,000 after purchasing an additional 2,236 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Dollar Tree by 19.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 159,083 shares of the company’s stock worth $17,071,000 after purchasing an additional 26,449 shares in the last quarter. Finally, Tuttle Tactical Management LLC bought a new position in shares of Dollar Tree during the fourth quarter worth $1,451,000. 90.86% of the stock is currently owned by institutional investors.

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Dollar Tree Company Profile

Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

The Fly

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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