Dollar Tree, Inc. (NASDAQ:DLTR) Receives Consensus Rating of “Buy” from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have earned an average recommendation of “Buy” from the thirty research firms that are presently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $104.80.

A number of analysts have recently commented on DLTR shares. Evercore ISI started coverage on shares of Polarityte in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price objective on the stock. TheStreet lowered shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. BidaskClub lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Credit Suisse Group dropped their price target on shares of from GBX 145 ($1.89) to GBX 105 ($1.37) and set a “neutral” rating on the stock in a research report on Friday, June 21st. Finally, Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and dropped their price target for the stock from $115.00 to $105.00 in a research report on Monday, April 8th.

In other Dollar Tree news, CEO Gary M. Philbin sold 9,614 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $110.00, for a total value of $1,057,540.00. Following the transaction, the chief executive officer now directly owns 84,665 shares in the company, valued at $9,313,150. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joshua R. Jewett sold 3,632 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $101.67, for a total transaction of $369,265.44. Following the completion of the transaction, the insider now owns 6,262 shares in the company, valued at $636,657.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,403 shares of company stock worth $9,260,558. Corporate insiders own 1.40% of the company’s stock.



Several large investors have recently added to or reduced their stakes in DLTR. Norges Bank acquired a new position in shares of Dollar Tree in the fourth quarter valued at $274,937,000. Jackson Square Partners LLC increased its holdings in shares of Dollar Tree by 55.9% in the first quarter. Jackson Square Partners LLC now owns 6,599,870 shares of the company’s stock valued at $693,250,000 after purchasing an additional 2,367,545 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Dollar Tree by 15.4% in the fourth quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock valued at $881,404,000 after purchasing an additional 1,303,200 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Dollar Tree by 5.6% in the first quarter. BlackRock Inc. now owns 19,341,470 shares of the company’s stock valued at $2,031,629,000 after purchasing an additional 1,024,134 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Dollar Tree in the first quarter valued at $103,473,000. Hedge funds and other institutional investors own 94.47% of the company’s stock.

Shares of DLTR stock traded up $1.46 during trading on Friday, reaching $112.43. The company’s stock had a trading volume of 1,209,261 shares, compared to its average volume of 1,874,768. The firm’s fifty day moving average is $106.34. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $26.36 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.14 and a beta of 0.53. Dollar Tree has a one year low of $78.78 and a one year high of $113.38.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.14 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.14. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.78 billion. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. On average, equities analysts forecast that Dollar Tree will post 5.2 EPS for the current fiscal year.

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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