Dollar Tree (NASDAQ:DLTR) Upgraded at BidaskClub

BidaskClub upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a research report released on Saturday, BidAskClub reports.

A number of other brokerages have also recently issued reports on DLTR. Wells Fargo & Co increased their target price on shares of Dollar Tree from $97.00 to $125.00 and gave the stock an overweight rating in a research report on Thursday, May 28th. They noted that the move was a valuation call. UBS Group dropped their target price on shares of Dollar Tree from $108.00 to $98.00 and set a buy rating for the company in a research report on Tuesday, March 10th. Telsey Advisory Group raised their price objective on shares of Dollar Tree from $92.00 to $112.00 and gave the company an outperform rating in a research report on Friday, May 29th. Credit Suisse Group raised their price objective on shares of Dollar Tree from $98.00 to $107.00 and gave the company an outperform rating in a research report on Friday, May 29th. Finally, Loop Capital raised their price objective on shares of Dollar Tree from $74.00 to $90.00 and gave the company a hold rating in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Dollar Tree currently has a consensus rating of Hold and a consensus price target of $102.50.

Shares of Dollar Tree stock opened at $92.68 on Friday. The stock has a market capitalization of $22.22 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 2.05 and a beta of 0.61. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 1.24. The company has a 50-day simple moving average of $87.84 and a 200 day simple moving average of $85.26. Dollar Tree has a 12-month low of $60.20 and a 12-month high of $119.71.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The business had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Dollar Tree had a net margin of 3.35% and a return on equity of 18.69%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $1.14 EPS. On average, equities analysts anticipate that Dollar Tree will post 4.65 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in DLTR. Quadrant Capital Group LLC boosted its stake in Dollar Tree by 34.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,835 shares of the company’s stock worth $251,000 after acquiring an additional 727 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in Dollar Tree by 69.5% during the 4th quarter. First Allied Advisory Services Inc. now owns 4,428 shares of the company’s stock worth $417,000 after acquiring an additional 1,816 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its stake in Dollar Tree by 6.5% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 14,009 shares of the company’s stock worth $1,318,000 after acquiring an additional 859 shares during the last quarter. Griffin Asset Management Inc. boosted its stake in Dollar Tree by 16.4% during the 4th quarter. Griffin Asset Management Inc. now owns 11,610 shares of the company’s stock worth $1,092,000 after acquiring an additional 1,640 shares during the last quarter. Finally, Vident Investment Advisory LLC boosted its stake in Dollar Tree by 18.2% during the 4th quarter. Vident Investment Advisory LLC now owns 12,305 shares of the company’s stock worth $1,157,000 after acquiring an additional 1,893 shares during the last quarter. 89.58% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Company Profile

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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