Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Recommendation of "Hold" by Analysts

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) has been given a consensus rating of "Hold" by the twenty-one research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $90.37.

Several brokerages have recently issued reports on DLTR. BMO Capital Markets increased their price objective on Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a research note on Thursday, June 5th. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and increased their price objective for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Cfra Research upgraded Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. The Goldman Sachs Group cut Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, June 5th. Finally, Morgan Stanley increased their price objective on Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th.

Insider Activity

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

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently made changes to their positions in DLTR. Kovitz Investment Group Partners LLC boosted its holdings in Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock valued at $488,974,000 after purchasing an additional 5,173,238 shares in the last quarter. Marshall Wace LLP boosted its holdings in Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after purchasing an additional 3,882,324 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Dollar Tree by 2,489.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock valued at $196,452,000 after purchasing an additional 2,520,237 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Dollar Tree by 69.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company's stock valued at $439,025,000 after purchasing an additional 2,400,586 shares in the last quarter. Finally, Norges Bank purchased a new stake in Dollar Tree in the 4th quarter valued at approximately $171,149,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Up 0.9%

DLTR opened at $109.36 on Monday. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $109.74. The business has a fifty day simple moving average of $94.33 and a 200-day simple moving average of $80.45. The firm has a market cap of $22.82 billion, a P/E ratio of -7.89, a P/E/G ratio of 2.35 and a beta of 0.86. 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 (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the business posted $1.43 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that Dollar Tree will post 5.39 earnings per share for the current year.

Dollar Tree declared that its Board of Directors has initiated a stock repurchase program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

About Dollar Tree

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.

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