Dollar Tree, Inc. (NASDAQ:DLTR) Given Consensus Rating of "Hold" by Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-one brokerages that are presently covering the stock, MarketBeat reports. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $85.58.

DLTR has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Telsey Advisory Group reiterated a "market perform" rating and issued a $75.00 price objective on shares of Dollar Tree in a research note on Friday, December 20th. Loop Capital increased their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. BMO Capital Markets raised their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a report on Thursday, December 5th. Finally, Melius Research started coverage on Dollar Tree in a research note on Monday, September 23rd. They issued a "hold" rating and a $70.00 price target for the company.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $0.99 during mid-day trading on Monday, reaching $72.07. 2,257,079 shares of the company were exchanged, compared to its average volume of 2,500,781. The stock has a market capitalization of $15.49 billion, a P/E ratio of -15.11, a P/E/G ratio of 2.32 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company's 50-day simple moving average is $70.81 and its 200-day simple moving average is $78.82. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. As a group, research analysts predict that Dollar Tree will post 5.39 earnings per share for the current year.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Dollar Tree by 35.2% during the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company's stock worth $69,000 after purchasing an additional 171 shares during the last quarter. Alan B Lancz & Associates Inc. grew its holdings in Dollar Tree by 6.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company's stock worth $229,000 after acquiring an additional 200 shares during the last quarter. AM Squared Ltd grew its holdings in Dollar Tree by 12.5% during the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company's stock worth $127,000 after acquiring an additional 200 shares during the last quarter. McGinn Penninger Investment Management Inc. increased its position in Dollar Tree by 0.5% in the 2nd quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company's stock valued at $4,858,000 after acquiring an additional 210 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, 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.