Dollar Tree, Inc. (NASDAQ:DLTR) Given Consensus Recommendation of “Hold” by Analysts

Dollar Tree, Inc. (NASDAQ:DLTR) has earned a consensus rating of “Hold” from the twenty-eight brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $103.33.

A number of research firms have weighed in on DLTR. Wells Fargo & Co lifted their price objective on shares of Dollar Tree from $97.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Dollar Tree from a “hold” rating to a “sell” rating and set a $90.00 price objective for the company. in a report on Wednesday, May 27th. Loop Capital lifted their price objective on shares of Dollar Tree from $74.00 to $90.00 and gave the company a “hold” rating in a report on Friday, May 29th. Cfra lifted their price objective on shares of Dollar Tree from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, KeyCorp boosted their target price on shares of Dollar Tree from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th.

Shares of Dollar Tree stock traded down $0.49 during trading on Friday, hitting $92.62. 4,310,619 shares of the company’s stock were exchanged, compared to its average volume of 2,731,866. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.44 and a current ratio of 1.15. The business has a 50-day simple moving average of $86.63 and a 200-day simple moving average of $85.25. Dollar Tree has a 52-week low of $60.20 and a 52-week high of $119.71. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.06 and a beta of 0.62.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, May 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.19. Dollar Tree had a net margin of 3.35% and a return on equity of 18.69%. The firm had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter last year, the company posted $1.14 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Dollar Tree will post 4.65 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Vident Investment Advisory LLC boosted its holdings in Dollar Tree by 18.2% in the 4th quarter. Vident Investment Advisory LLC now owns 12,305 shares of the company’s stock valued at $1,157,000 after purchasing an additional 1,893 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Dollar Tree by 32.8% in the 1st quarter. Nuveen Asset Management LLC now owns 1,402,621 shares of the company’s stock valued at $103,051,000 after purchasing an additional 346,578 shares during the last quarter. AJO LP purchased a new stake in shares of Dollar Tree in the 1st quarter valued at approximately $3,281,000. Aviva PLC raised its stake in shares of Dollar Tree by 26.0% in the 4th quarter. Aviva PLC now owns 74,057 shares of the company’s stock valued at $6,965,000 after acquiring an additional 15,278 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Dollar Tree by 0.5% in the 1st quarter. Invesco Ltd. now owns 721,924 shares of the company’s stock valued at $53,038,000 after acquiring an additional 3,944 shares during the period. Institutional investors own 89.58% of the company’s stock.

Dollar Tree Company Profile

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

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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