Dollar Tree, Inc. (NASDAQ:DLTR) Receives Consensus Recommendation of “Buy” from Analysts

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Dollar Tree, Inc. (NASDAQ:DLTR) has earned a consensus rating of “Buy” from the twenty-seven research firms that are covering the company, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $108.93.

A number of brokerages have recently commented on DLTR. JPMorgan Chase & Co. upped their target price on Dollar Tree from $116.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Buckingham Research set a $116.00 target price on Dollar Tree and gave the stock a “buy” rating in a research note on Friday, August 23rd. Zacks Investment Research upgraded Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 target price on the stock in a research note on Monday, September 2nd. Citigroup set a $120.00 target price on Dollar Tree and gave the stock a “hold” rating in a research note on Friday, September 27th. Finally, UBS Group set a $120.00 target price on Dollar Tree and gave the stock a “buy” rating in a research note on Friday, October 11th.

In other Dollar Tree news, insider Gary Maxwell sold 2,800 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $107.15, for a total transaction of $300,020.00. Following the completion of the transaction, the insider now owns 7,254 shares of the company’s stock, valued at $777,266.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Saunders sold 1,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $116.20, for a total value of $116,200.00. Following the transaction, the director now directly owns 2,380,145 shares of the company’s stock, valued at approximately $276,572,849. The disclosure for this sale can be found here. Insiders sold a total of 81,519 shares of company stock valued at $9,408,464 in the last ninety days. 1.40% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the business. Nelson Roberts Investment Advisors LLC raised its holdings in shares of Dollar Tree by 12.8% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 882 shares of the company’s stock valued at $95,000 after acquiring an additional 100 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Dollar Tree by 18.4% during the third quarter. Signaturefd LLC now owns 701 shares of the company’s stock valued at $80,000 after acquiring an additional 109 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Dollar Tree by 2.7% during the second quarter. Sigma Planning Corp now owns 5,185 shares of the company’s stock valued at $557,000 after acquiring an additional 135 shares during the last quarter. Lenox Wealth Advisors LLC raised its holdings in shares of Dollar Tree by 33.3% during the third quarter. Lenox Wealth Advisors LLC now owns 541 shares of the company’s stock valued at $62,000 after acquiring an additional 135 shares during the last quarter. Finally, Greenleaf Trust raised its holdings in shares of Dollar Tree by 5.9% during the second quarter. Greenleaf Trust now owns 2,541 shares of the company’s stock valued at $273,000 after acquiring an additional 142 shares during the last quarter. 94.26% of the stock is owned by institutional investors and hedge funds.

Shares of DLTR traded down $0.27 during mid-day trading on Monday, reaching $116.71. The company had a trading volume of 1,354,747 shares, compared to its average volume of 2,170,144. Dollar Tree has a 52-week low of $81.02 and a 52-week high of $118.04. The company has a quick ratio of 0.21, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $27.68 billion, a P/E ratio of 21.41, a PEG ratio of 2.84 and a beta of 0.57. The stock has a 50 day moving average of $112.31 and a two-hundred day moving average of $106.00.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 29th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the company earned $1.15 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that Dollar Tree will post 5.18 earnings per share for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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