BidaskClub upgraded shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to a buy rating in a report issued on Saturday morning, BidAskClub reports.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets cut their price objective on shares of Dollar Tree from $105.00 to $102.00 and set a market perform rating for the company in a research report on Friday, May 31st. TheStreet lowered shares of Dollar Tree from a b- rating to a c+ rating in a report on Wednesday, July 31st. Deutsche Bank cut shares of Dollar Tree from a buy rating to a hold rating and dropped their price target for the company from $106.00 to $99.00 in a research note on Monday, August 5th. Morgan Stanley cut their price target on shares of Dollar Tree from $101.00 to $100.00 and set an equal weight rating for the company in a report on Monday, June 3rd. Finally, Credit Suisse Group set a $110.00 price target on shares of Dollar Tree and gave the company a buy rating in a research report on Friday, August 30th. Thirteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Dollar Tree has an average rating of Buy and an average price target of $105.07.

NASDAQ DLTR opened at $109.93 on Friday. The stock’s fifty day moving average is $99.02 and its two-hundred day moving average is $103.33. The firm has a market capitalization of $25.94 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 2.10 and a beta of 0.54. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.21 and a current ratio of 1.06. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $113.38.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 29th. The company reported $0.76 earnings per share (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 analyst estimates of $5.72 billion. During the same period last year, the business earned $1.15 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Dollar Tree will post 5.23 EPS for the current year.

In other news, insider Gary Maxwell sold 2,800 shares of the company’s stock in a transaction 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 sale, the insider now owns 7,254 shares of the company’s stock, valued at $777,266.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Jacobs sold 8,672 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $107.63, for a total value of $933,367.36. Following the completion of the sale, the insider now owns 7,733 shares in the company, valued at $832,302.79. The disclosure for this sale can be found here. Insiders have sold 58,942 shares of company stock worth $6,486,822 over the last quarter. Insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Zions Bancorporation N.A. purchased a new position in Dollar Tree in the first quarter worth approximately $92,000. Belpointe Asset Management LLC lifted its position in shares of Dollar Tree by 28.4% during the 1st quarter. Belpointe Asset Management LLC now owns 1,620 shares of the company’s stock worth $171,000 after purchasing an additional 358 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Dollar Tree by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,912 shares of the company’s stock worth $1,461,000 after purchasing an additional 930 shares during the last quarter. Nelson Roberts Investment Advisors LLC grew its stake 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 worth $95,000 after purchasing an additional 100 shares in the last quarter. Finally, ETF Managers Group LLC grew its stake in shares of Dollar Tree by 639.1% during the first quarter. ETF Managers Group LLC now owns 10,140 shares of the company’s stock worth $1,065,000 after purchasing an additional 8,768 shares in the last quarter. 94.00% of the stock is owned by hedge funds and other institutional investors.

About Dollar Tree

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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