Royal Bank of Canada lowered shares of Dollar Tree (NASDAQ:DLTR) from a top pick rating to an outperform rating in a research note published on Tuesday, Marketbeat reports. The firm currently has $90.00 price target on the stock.
A number of other analysts have also recently commented on DLTR. ValuEngine upgraded Dollar Tree from a sell rating to a hold rating in a research report on Friday, June 8th. Moffett Nathanson cut Dollar Tree from a buy rating to a neutral rating in a research report on Friday, May 11th. BidaskClub upgraded Dollar Tree from a hold rating to a buy rating in a research report on Saturday, June 16th. Telsey Advisory Group reduced their price objective on Dollar Tree from $105.00 to $100.00 and set an outperform rating for the company in a research report on Friday, June 1st. Finally, Zacks Investment Research cut Dollar Tree from a buy rating to a hold rating in a research report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $102.26.
Dollar Tree stock opened at $82.24 on Tuesday. The firm has a market cap of $19.54 billion, a P/E ratio of 16.92, a PEG ratio of 1.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.24 and a quick ratio of 0.41. Dollar Tree has a one year low of $79.17 and a one year high of $116.65.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 30th. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.01). The firm had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. research analysts anticipate that Dollar Tree will post 5.5 earnings per share for the current year.
In related news, Director Thomas E. Whiddon purchased 2,250 shares of the business’s stock in a transaction on Monday, June 18th. The stock was acquired at an average price of $88.78 per share, with a total value of $199,755.00. Following the completion of the acquisition, the director now owns 26,121 shares of the company’s stock, valued at approximately $2,319,022.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DLTR. Intrepid Capital Management Inc. bought a new position in shares of Dollar Tree in the second quarter worth about $327,000. Horrell Capital Management Inc. boosted its stake in shares of Dollar Tree by 4.1% in the second quarter. Horrell Capital Management Inc. now owns 30,610 shares of the company’s stock worth $2,602,000 after acquiring an additional 1,205 shares during the period. Arizona State Retirement System boosted its stake in shares of Dollar Tree by 47.7% in the second quarter. Arizona State Retirement System now owns 122,261 shares of the company’s stock worth $10,392,000 after acquiring an additional 39,486 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Dollar Tree in the first quarter worth about $251,000. Finally, Smith Salley & Associates boosted its stake in shares of Dollar Tree by 87.1% in the first quarter. Smith Salley & Associates now owns 4,349 shares of the company’s stock worth $413,000 after acquiring an additional 2,025 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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