Dollar Tree (DLTR) Downgraded by ValuEngine

ValuEngine downgraded shares of Dollar Tree (NASDAQ:DLTR) from a buy rating to a hold rating in a research report report published on Tuesday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Dollar Tree from a buy rating to a hold rating in a report on Wednesday, January 10th. Raymond James set a $110.00 price target on shares of Dollar Tree and gave the company a buy rating in a report on Thursday, March 8th. BMO Capital Markets cut their price target on shares of Dollar Tree from $115.00 to $97.00 and set a hold rating for the company in a report on Thursday, March 8th. Barclays raised shares of Dollar Tree from an equal weight rating to an overweight rating and upped their price target for the company from $89.25 to $100.00 in a report on Thursday, March 8th. Finally, Loop Capital reissued a hold rating and issued a $92.00 price target (down from $100.00) on shares of Dollar Tree in a report on Wednesday, March 7th. Eight equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $109.68.

Shares of DLTR opened at $98.90 on Tuesday. The stock has a market capitalization of $23,857.01, a P/E ratio of 20.35, a P/E/G ratio of 1.20 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.60 and a quick ratio of 0.49. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $116.65.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.39 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. equities research analysts expect that Dollar Tree will post 5.71 EPS for the current fiscal year.

In related news, Director Conrad M. Hall purchased 10,000 shares of Dollar Tree stock in a transaction dated Friday, March 9th. The stock was acquired at an average cost of $91.83 per share, with a total value of $918,300.00. Following the completion of the transaction, the director now directly owns 799 shares of the company’s stock, valued at $73,372.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arnold S. Barron sold 6,023 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $94.49, for a total transaction of $569,113.27. Following the completion of the sale, the director now directly owns 26,667 shares of the company’s stock, valued at $2,519,764.83. The disclosure for this sale can be found here. Insiders have sold 14,861 shares of company stock valued at $1,398,752 over the last ninety days. Insiders own 4.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Exane Derivatives purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $104,000. Cerebellum GP LLC purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $127,000. FTB Advisors Inc. lifted its position in shares of Dollar Tree by 249.2% in the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after purchasing an additional 992 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $165,000. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of Dollar Tree by 38.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after purchasing an additional 528 shares in the last quarter. 90.89% of the stock is owned by institutional investors and hedge funds.

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Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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