Dollar Tree (NASDAQ:DLTR) had its target price reduced by Citigroup from $113.00 to $104.00 in a report published on Tuesday morning. Citigroup currently has a neutral rating on the stock.

A number of other analysts also recently weighed in on DLTR. Loop Capital restated a hold rating and issued a $92.00 target price (down previously from $100.00) on shares of Dollar Tree in a research report on Wednesday, March 7th. Deutsche Bank set a $119.00 target price on Dollar Tree and gave the stock a buy rating in a research report on Thursday, March 8th. BMO Capital Markets dropped their target price on Dollar Tree from $115.00 to $97.00 and set a hold rating for the company in a research report on Thursday, March 8th. Zacks Investment Research downgraded Dollar Tree from a buy rating to a hold rating in a research report on Monday. Finally, Morgan Stanley restated an equal weight rating and issued a $101.00 target price (down previously from $112.00) on shares of Dollar Tree in a research report on Thursday, March 8th. Twelve analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $106.08.

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Shares of Dollar Tree (NASDAQ DLTR) opened at $94.42 on Tuesday. The stock has a market capitalization of $22,355.83, a PE ratio of 19.36, a PEG ratio of 1.22 and a beta of 0.80. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $116.65.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.39 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. sell-side analysts forecast that Dollar Tree will post 5.65 earnings per share for the current year.

In related news, Director Conrad M. Hall purchased 10,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were acquired at an average cost of $91.83 per share, with a total value of $918,300.00. Following the purchase, the director now directly owns 799 shares of the company’s stock, valued at $73,372.17. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its stake in shares of Dollar Tree by 4.3% during the third quarter. Asset Management One Co. Ltd. now owns 379,137 shares of the company’s stock valued at $32,896,000 after buying an additional 15,542 shares during the period. British Airways Pensions Investment Management Ltd purchased a new position in shares of Dollar Tree during the third quarter valued at approximately $34,022,000. Janus Henderson Group PLC increased its stake in shares of Dollar Tree by 34.9% during the third quarter. Janus Henderson Group PLC now owns 63,524 shares of the company’s stock valued at $5,515,000 after buying an additional 16,434 shares during the period. Loeb Partners Corp purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $1,073,000. Finally, New York State Common Retirement Fund increased its stake in shares of Dollar Tree by 2.2% during the third quarter. New York State Common Retirement Fund now owns 521,456 shares of the company’s stock valued at $45,273,000 after buying an additional 11,287 shares during the period. 90.97% of the stock is currently owned by hedge funds and other institutional investors.

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About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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