Oppenheimer downgraded shares of Dollar Tree (NASDAQ:DLTR) from an outperform rating to a market perform rating in a research report released on Thursday. The firm currently has $104.00 price objective on the stock, up from their prior price objective of $92.00. Oppenheimer also issued estimates for Dollar Tree’s FY2021 earnings at $6.40 EPS.
Several other brokerages also recently commented on DLTR. Gordon Haskett raised shares of Dollar Tree from a hold rating to an accumulate rating and set a $110.00 target price for the company in a research note on Monday. Buckingham Research raised shares of Dollar Tree from a neutral rating to a buy rating in a research note on Tuesday. FIX downgraded shares of Dollar Tree from an outperform rating to a market perform rating in a research note on Thursday. BMO Capital Markets began coverage on shares of Dollar Tree in a research note on Thursday. They issued a market perform rating for the company. Finally, ValuEngine downgraded shares of Dollar Tree from a buy rating to a hold rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $100.96.
NASDAQ DLTR traded up $0.87 during trading hours on Thursday, hitting $97.28. The company’s stock had a trading volume of 1,733,700 shares, compared to its average volume of 3,495,800. Dollar Tree has a twelve month low of $78.78 and a twelve month high of $116.65. The firm has a market capitalization of $23.12 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.48.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.03. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The business had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same period in the prior year, the business posted $1.01 earnings per share. Dollar Tree’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect that Dollar Tree will post 5.45 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of DLTR. Nisa Investment Advisors LLC boosted its holdings in Dollar Tree by 4.3% during the third quarter. Nisa Investment Advisors LLC now owns 67,945 shares of the company’s stock worth $5,541,000 after purchasing an additional 2,800 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Dollar Tree during the second quarter worth $51,247,000. First Hawaiian Bank acquired a new position in Dollar Tree during the third quarter worth $1,573,000. United Services Automobile Association boosted its holdings in Dollar Tree by 0.8% during the third quarter. United Services Automobile Association now owns 142,143 shares of the company’s stock worth $11,592,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Rothschild Investment Corp IL boosted its holdings in Dollar Tree by 7.0% during the third quarter. Rothschild Investment Corp IL now owns 29,189 shares of the company’s stock worth $2,380,000 after purchasing an additional 1,910 shares during the last quarter. 92.04% of the stock is owned by institutional investors.
Dollar Tree Company Profile
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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