BidaskClub downgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a strong sell rating in a report issued on Saturday, BidAskClub reports.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley decreased their price target on Dollar Tree from $100.00 to $95.00 and set an equal weight rating for the company in a report on Wednesday, November 27th. JPMorgan Chase & Co. downgraded Dollar Tree from an overweight rating to a neutral rating and decreased their price target for the stock from $125.00 to $96.00 in a report on Wednesday, November 27th. Gordon Haskett downgraded Dollar Tree from an accumulate rating to a reduce rating and decreased their price target for the stock from $106.00 to $85.00 in a report on Wednesday, January 8th. Citigroup decreased their price target on Dollar Tree from $120.00 to $103.00 and set a neutral rating for the company in a report on Monday, December 2nd. Finally, Atlantic Securities downgraded Dollar Tree from an overweight rating to a neutral rating and set a $102.00 price target for the company. in a report on Friday, November 29th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $104.10.

Shares of Dollar Tree stock opened at $89.50 on Friday. The stock has a fifty day simple moving average of $92.19 and a 200 day simple moving average of $103.19. Dollar Tree has a 12-month low of $88.26 and a 12-month high of $119.71. The company has a market capitalization of $21.67 billion, a P/E ratio of -13.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.45. The company has a current ratio of 1.09, a quick ratio of 0.16 and a debt-to-equity ratio of 1.33.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). Dollar Tree had a positive return on equity of 20.85% and a negative net margin of 6.82%. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the company posted $1.18 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Dollar Tree will post 4.88 EPS for the current year.

In other Dollar Tree news, Director Lemuel E. Lewis acquired 1,000 shares of Dollar Tree stock in a transaction on Monday, December 2nd. The stock was purchased at an average price of $89.49 per share, for a total transaction of $89,490.00. Following the purchase, the director now directly owns 22,114 shares of the company’s stock, valued at $1,978,981.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Equitec Specialists LLC bought a new position in shares of Dollar Tree during the 4th quarter worth $26,000. CSat Investment Advisory L.P. grew its stake in shares of Dollar Tree by 214.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 365 shares of the company’s stock worth $39,000 after acquiring an additional 249 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Dollar Tree by 35.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 451 shares of the company’s stock worth $51,000 after acquiring an additional 119 shares during the period. Lenox Wealth Advisors LLC grew its stake in shares of Dollar Tree by 33.3% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 541 shares of the company’s stock worth $62,000 after acquiring an additional 135 shares during the period. Finally, NEXT Financial Group Inc grew its stake in shares of Dollar Tree by 26.7% during the 4th quarter. NEXT Financial Group Inc now owns 830 shares of the company’s stock worth $78,000 after acquiring an additional 175 shares during the period. Institutional investors own 93.39% of the company’s stock.

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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