Dollar Tree (NASDAQ:DLTR) Rating Lowered to C+ at TheStreet

Dollar Tree (NASDAQ:DLTR) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.

Other equities analysts have also recently issued reports about the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reduced their price objective on shares of Dollar Tree from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 28th. Citigroup reduced their price objective on shares of Dollar Tree from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 28th. JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 16th. Royal Bank of Canada reduced their price objective on shares of Dollar Tree from $131.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, May 28th. They noted that the move was a valuation call. Finally, BMO Capital Markets reduced their price objective on shares of Dollar Tree from $115.00 to $108.00 and set a “market perform” rating for the company in a research report on Friday, May 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $120.00.

Shares of NASDAQ DLTR opened at $99.70 on Wednesday. The business’s fifty day moving average price is $110.84. Dollar Tree has a 1 year low of $84.41 and a 1 year high of $120.37. The stock has a market capitalization of $23.13 billion, a P/E ratio of 16.03, a PEG ratio of 1.62 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.36 and a quick ratio of 0.44.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, May 26th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.20. Dollar Tree had a net margin of 5.71% and a return on equity of 20.64%. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts predict that Dollar Tree will post 5.99 earnings per share for the current fiscal year.

Dollar Tree announced that its Board of Directors has approved a share buyback plan on Wednesday, March 3rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

In other news, insider David A. Jacobs sold 3,869 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $115.30, for a total value of $446,095.70. Following the completion of the transaction, the insider now owns 12,039 shares of the company’s stock, valued at $1,388,096.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kevin S. Wampler sold 12,065 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $114.59, for a total transaction of $1,382,528.35. Following the completion of the transaction, the chief financial officer now directly owns 108,255 shares of the company’s stock, valued at approximately $12,404,940.45. The disclosure for this sale can be found here. Insiders sold 29,518 shares of company stock valued at $3,384,264 in the last three months. 1.20% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. First Trust Advisors LP raised its holdings in Dollar Tree by 26.3% during the fourth quarter. First Trust Advisors LP now owns 255,031 shares of the company’s stock worth $27,554,000 after purchasing an additional 53,137 shares in the last quarter. Trust Co. of Vermont grew its position in Dollar Tree by 54.0% in the 4th quarter. Trust Co. of Vermont now owns 539 shares of the company’s stock valued at $58,000 after buying an additional 189 shares during the last quarter. CIBC Asset Management Inc grew its position in Dollar Tree by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 72,572 shares of the company’s stock valued at $7,841,000 after buying an additional 3,690 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in Dollar Tree in the 4th quarter valued at $230,000. Finally, State of Wisconsin Investment Board boosted its position in shares of Dollar Tree by 2.5% during the 4th quarter. State of Wisconsin Investment Board now owns 131,712 shares of the company’s stock worth $14,230,000 after purchasing an additional 3,200 shares in the last quarter. 89.51% of the stock is currently owned by hedge funds and other institutional investors.

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 personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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