Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Recommendation of “Buy” by Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received a consensus recommendation of “Buy” from the twenty-eight analysts that are presently covering the stock, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $105.21.

Several brokerages have recently weighed in on DLTR. Royal Bank of Canada dropped their price objective on shares of Dollar Tree from $113.00 to $108.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 price objective on the stock in a report on Monday, September 2nd. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday, September 7th. Deutsche Bank lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and dropped their price objective for the company from $106.00 to $99.00 in a report on Monday, August 5th. Finally, ValuEngine lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

In other Dollar Tree news, Director Thomas A. Saunders sold 4,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $113.29, for a total value of $453,160.00. Following the completion of the sale, the director now directly owns 2,386,145 shares of the company’s stock, valued at approximately $270,326,367.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Saunders sold 2,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $113.65, for a total transaction of $227,300.00. Following the completion of the sale, the director now directly owns 2,386,145 shares of the company’s stock, valued at $271,185,379.25. The disclosure for this sale can be found here. Insiders sold a total of 9,800 shares of company stock worth $1,092,850 in the last 90 days. 1.40% of the stock is currently owned by company insiders.



A number of hedge funds have recently modified their holdings of DLTR. Geode Capital Management LLC grew its position in Dollar Tree by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 3,194,952 shares of the company’s stock worth $288,077,000 after purchasing an additional 245,852 shares in the last quarter. SG Americas Securities LLC grew its position in Dollar Tree by 158.2% in the 1st quarter. SG Americas Securities LLC now owns 5,043 shares of the company’s stock worth $530,000 after purchasing an additional 3,090 shares in the last quarter. First Allied Advisory Services Inc. grew its position in Dollar Tree by 2.4% in the 1st quarter. First Allied Advisory Services Inc. now owns 4,082 shares of the company’s stock worth $431,000 after purchasing an additional 97 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Dollar Tree by 54.4% in the 1st quarter. Stratos Wealth Partners LTD. now owns 3,975 shares of the company’s stock worth $418,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Dollar Tree by 1.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 972,460 shares of the company’s stock worth $102,147,000 after purchasing an additional 17,572 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ DLTR traded down $0.05 during trading on Thursday, hitting $113.37. 1,491,971 shares of the company traded hands, compared to its average volume of 2,222,829. The business’s fifty day moving average is $101.44 and its 200 day moving average is $104.32. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $114.51. The firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 2.67 and a beta of 0.54. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.21 and a current ratio of 1.06.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.20). Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the company posted $1.15 EPS. Dollar Tree’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts predict that Dollar Tree will post 5.2 EPS for the current 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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