Dollar Tree, Inc. (NASDAQ:DLTR) Receives Consensus Rating of "Hold" from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $81.84.

A number of equities analysts recently commented on the company. Guggenheim reduced their price objective on Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Telsey Advisory Group boosted their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research report on Thursday, March 27th. Wells Fargo & Company raised their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their target price on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Loop Capital restated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th.

Insider Activity at Dollar Tree

In other news, Director William W. Douglas III bought 701 shares of the stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.80% of the company's stock.

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Institutional Investors Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Vanguard Group Inc. raised its position in Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock worth $1,757,360,000 after acquiring an additional 163,368 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Dollar Tree by 5.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock valued at $743,461,000 after buying an additional 533,920 shares during the period. State Street Corp raised its position in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock worth $662,971,000 after buying an additional 596,191 shares during the period. Capital International Investors lifted its stake in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock valued at $656,000,000 after purchasing an additional 2,023,819 shares in the last quarter. Finally, EdgePoint Investment Group Inc. grew its stake in Dollar Tree by 14.4% during the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after buying an additional 1,000,637 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

DLTR stock traded up $2.87 during midday trading on Friday, reaching $72.57. The stock had a trading volume of 10,913,962 shares, compared to its average volume of 3,833,642. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $131.42. The company has a market cap of $15.61 billion, a price-to-earnings ratio of -15.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company's fifty day simple moving average is $70.90 and its 200 day simple moving average is $70.30. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 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 .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.55 earnings per share. As a group, sell-side analysts predict that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

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.