Dollar Tree (NASDAQ:DLTR) Downgraded by Wall Street Zen to “Hold”
by Renee Jackson · The Cerbat GemWall Street Zen cut shares of Dollar Tree (NASDAQ:DLTR – Free Report) from a buy rating to a hold rating in a research report report published on Sunday.
Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $126.00 target price on shares of Dollar Tree in a research report on Thursday, January 8th. BMO Capital Markets reaffirmed an “underperform” rating on shares of Dollar Tree in a research note on Tuesday, March 17th. Evercore raised shares of Dollar Tree to a “hold” rating in a report on Tuesday, February 3rd. Guggenheim reiterated a “buy” rating and issued a $130.00 target price on shares of Dollar Tree in a research note on Tuesday, March 17th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 target price on shares of Dollar Tree in a report on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $123.24.
View Our Latest Stock Analysis on Dollar Tree
Dollar Tree Price Performance
Shares of DLTR stock opened at $105.93 on Friday. The stock’s fifty day simple moving average is $114.63 and its 200 day simple moving average is $114.09. Dollar Tree has a one year low of $77.98 and a one year high of $142.40. The firm has a market cap of $20.90 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.33 and a beta of 0.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the company posted $2.11 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts expect that Dollar Tree will post 5.39 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Dollar Tree
A number of institutional investors have recently modified their holdings of DLTR. Cullen Frost Bankers Inc. bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $25,000. Reflection Asset Management bought a new position in Dollar Tree in the 4th quarter worth approximately $25,000. Covestor Ltd lifted its holdings in Dollar Tree by 60.9% during the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after buying an additional 84 shares in the last quarter. Root Financial Partners LLC acquired a new position in Dollar Tree during the 3rd quarter worth $29,000. Finally, YANKCOM Partnership bought a new position in Dollar Tree in the 4th quarter valued at $31,000. 97.40% of the stock is owned by institutional investors.
Dollar Tree Company Profile
Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.
Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.