Gordon Haskett cut shares of Dollar Tree (NASDAQ:DLTR) from an accumulate rating to a hold rating in a research note published on Monday, Marketbeat.com reports.
Other analysts have also recently issued research reports about the company. BidaskClub raised Dollar Tree from a hold rating to a buy rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded Dollar Tree from a hold rating to a buy rating and set a $104.00 target price for the company in a report on Tuesday, August 14th. Credit Suisse Group upgraded Dollar Tree to a buy rating and set a $96.00 target price for the company in a report on Thursday, August 30th. Deutsche Bank reduced their target price on Dollar Tree from $112.00 to $94.00 and set a buy rating for the company in a report on Friday, August 31st. Finally, UBS Group reduced their target price on Dollar Tree from $113.00 to $102.00 and set a buy rating for the company in a report on Friday, August 31st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of Hold and an average target price of $100.83.
DLTR stock opened at $84.80 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.24 and a quick ratio of 0.52. Dollar Tree has a 1 year low of $78.78 and a 1 year high of $116.65. The firm has a market capitalization of $19.40 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 1.05 and a beta of 0.74.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.01). Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The business had revenue of $5.53 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period in the previous year, the firm posted $0.99 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts forecast that Dollar Tree will post 5.5 earnings per share for the current year.
In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,210 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was bought at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the completion of the acquisition, the director now directly owns 20,114 shares in the company, valued at $1,664,433.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Scharf Investments LLC acquired a new position in Dollar Tree in the 2nd quarter valued at approximately $113,994,000. Janus Henderson Group PLC raised its stake in shares of Dollar Tree by 183.7% in the second quarter. Janus Henderson Group PLC now owns 1,893,177 shares of the company’s stock valued at $160,920,000 after purchasing an additional 1,225,950 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Dollar Tree by 12.4% in the second quarter. Macquarie Group Ltd. now owns 7,717,972 shares of the company’s stock valued at $656,029,000 after purchasing an additional 852,139 shares in the last quarter. Dorsal Capital Management LLC raised its stake in shares of Dollar Tree by 144.4% in the second quarter. Dorsal Capital Management LLC now owns 1,100,000 shares of the company’s stock valued at $93,500,000 after purchasing an additional 650,000 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Dollar Tree in the second quarter valued at $51,247,000. 92.17% 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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