Dollar Tree (NASDAQ:DLTR) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a research report released on Wednesday.

Several other analysts have also issued reports on DLTR. TheStreet lowered shares of Dollar Tree from a b- rating to a c rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. lowered their price target on shares of Dollar Tree from $165.00 to $144.00 and set an overweight rating for the company in a research report on Thursday, March 14th. Telsey Advisory Group restated an outperform rating and set a $160.00 price objective on shares of Dollar Tree in a report on Thursday, March 14th. Gordon Haskett upgraded shares of Dollar Tree from an accumulate rating to a buy rating and set a $160.00 price target for the company in a report on Wednesday, February 7th. Finally, Truist Financial cut their price objective on shares of Dollar Tree from $149.00 to $147.00 and set a buy rating on the stock in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $150.75.

Dollar Tree Price Performance

DLTR opened at $133.15 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. Dollar Tree has a 1-year low of $102.77 and a 1-year high of $161.10. The company has a 50-day moving average of $138.02 and a 200-day moving average of $126.19. The company has a market capitalization of $29.02 billion, a P/E ratio of -28.82, a PEG ratio of 1.25 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same period in the prior year, the company earned $2.04 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts expect that Dollar Tree will post 6.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich bought 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Mantle Ridge LP raised its stake in shares of Dollar Tree by 11,365,431.0% in the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock worth $1,820,190,000 after buying an additional 11,365,431 shares during the period. Capital International Investors increased its stake in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after acquiring an additional 2,445,827 shares during the last quarter. Norges Bank bought a new position in shares of Dollar Tree during the 4th quarter valued at approximately $333,373,000. Morgan Stanley increased its position in shares of Dollar Tree by 95.9% during the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after purchasing an additional 2,145,910 shares during the last quarter. Finally, FIL Ltd increased its position in shares of Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.