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

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) have been given an average recommendation of "Hold" by the twenty research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $81.84.

DLTR has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Guggenheim lowered their price target on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Telsey Advisory Group increased their price objective on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and raised their price target for the stock from $76.00 to $103.00 in a research report on Monday, April 7th.

Dollar Tree Stock Up 3.7 %

NASDAQ:DLTR traded up $3.02 during trading hours on Wednesday, reaching $84.29. The company's stock had a trading volume of 5,317,992 shares, compared to its average volume of 4,013,044. The stock has a 50 day moving average price of $72.40 and a two-hundred day moving average price of $71.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a market capitalization of $18.13 billion, a P/E ratio of -17.67, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $2.55 earnings per share. Equities analysts predict that Dollar Tree will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William W. Douglas III acquired 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently modified their holdings of the business. Empower Advisory Group LLC raised its position in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after purchasing an additional 100,676 shares during the period. Pzena Investment Management LLC acquired a new position in shares of Dollar Tree in the fourth quarter valued at approximately $520,000. Strategic Wealth Investment Group LLC purchased a new stake in Dollar Tree during the 4th quarter worth approximately $448,000. Intrepid Capital Management Inc. lifted its holdings in Dollar Tree by 103.6% during the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after buying an additional 13,751 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its position in Dollar Tree by 253.2% in the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock valued at $7,014,000 after buying an additional 67,100 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

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.