Dollar Tree (NASDAQ:DLTR) Stock Rating Upgraded by Barclays

Dollar Tree (NASDAQ:DLTR - Get Free Report) was upgraded by Barclays from an "equal weight" rating to an "overweight" rating in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has a $138.00 target price on the stock, up from their previous target price of $95.00. Barclays's price target would suggest a potential upside of 25.32% from the stock's previous close.

Several other equities analysts have also recently commented on DLTR. Guggenheim reissued a "buy" rating and issued a $100.00 price target on shares of Dollar Tree in a research report on Thursday, June 5th. Bank of America decreased their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley raised their price target on shares of Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. The Goldman Sachs Group cut shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Finally, Cfra Research raised shares of Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of "Hold" and a consensus target price of $94.05.

Dollar Tree Trading Up 1.8%

DLTR stock opened at $110.12 on Monday. The company's 50-day simple moving average is $96.67 and its 200-day simple moving average is $81.59. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $113.14. The firm has a market cap of $22.98 billion, a P/E ratio of -7.95, a PEG ratio of 2.36 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the company posted $1.43 EPS. Dollar Tree's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast that Dollar Tree will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its board has approved a stock repurchase program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to repurchase up to 11.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Insider Activity at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer directly owned 50,419 shares in the company, valued at approximately $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.60% of the company's stock.

Institutional Trading of Dollar Tree

Institutional investors have recently made changes to their positions in the stock. ASR Vermogensbeheer N.V. lifted its stake in Dollar Tree by 9.3% in the second quarter. ASR Vermogensbeheer N.V. now owns 31,486 shares of the company's stock valued at $3,118,000 after acquiring an additional 2,669 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Dollar Tree by 60.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 68,195 shares of the company's stock valued at $6,754,000 after acquiring an additional 25,696 shares during the last quarter. BOCHK Asset Management Ltd acquired a new stake in Dollar Tree in the second quarter valued at approximately $297,000. LBP AM SA acquired a new stake in Dollar Tree in the second quarter valued at approximately $7,742,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Dollar Tree in the second quarter worth $329,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.