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

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $88.11.

Several brokerages have recently weighed in on DLTR. Truist Financial decreased their price target on Dollar Tree from $140.00 to $79.00 and set a "buy" rating on the stock in a research report on Thursday, September 5th. Morgan Stanley decreased their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday. Redburn Atlantic upgraded shares of Dollar Tree to a "hold" rating in a research report on Monday, September 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, September 5th.

Dollar Tree Price Performance

Shares of DLTR traded down $4.36 during midday trading on Wednesday, hitting $62.41. 9,807,761 shares of the company traded hands, compared to its average volume of 3,283,009. The stock has a 50-day moving average of $69.76 and a 200-day moving average of $95.00. Dollar Tree has a one year low of $60.52 and a one year high of $151.21. The firm has a market cap of $13.42 billion, a P/E ratio of -12.79, a PEG ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Dollar Tree will post 5.33 EPS for the current fiscal year.

Insider Activity

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the company's stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.80% of the company's stock.

Institutional Trading of Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in Dollar Tree in the second quarter worth $779,000. Raymond James & Associates raised its holdings in Dollar Tree by 80.6% in the third quarter. Raymond James & Associates now owns 310,084 shares of the company's stock worth $21,805,000 after purchasing an additional 138,415 shares in the last quarter. Forsta AP Fonden raised its holdings in Dollar Tree by 174.7% in the third quarter. Forsta AP Fonden now owns 98,600 shares of the company's stock worth $6,934,000 after purchasing an additional 62,700 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company's stock worth $109,803,000 after purchasing an additional 640,848 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE raised its holdings in Dollar Tree by 74.6% in the third quarter. Smithbridge Asset Management Inc. DE now owns 24,634 shares of the company's stock worth $1,732,000 after purchasing an additional 10,522 shares in the last quarter. Hedge funds and other 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.