Dollar Tree (NASDAQ:DLTR) Rating Increased to Hold at Cfra Research

Dollar Tree (NASDAQ:DLTR - Get Free Report) was upgraded by Cfra Research to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities analysts have also weighed in on DLTR. UBS Group raised their price objective on shares of Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday. Telsey Advisory Group lifted their price target on shares of Dollar Tree from $82.00 to $95.00 and gave the company a "market perform" rating in a research report on Tuesday. Bank of America dropped their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Truist Financial lifted their price target on shares of Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dollar Tree has an average rating of "Hold" and an average target price of $84.05.

Dollar Tree Price Performance

DLTR traded up $0.05 on Wednesday, reaching $90.63. The company had a trading volume of 4,683,066 shares, compared to its average volume of 4,103,440. Dollar Tree has a one year low of $60.49 and a one year high of $121.92. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $80.51 and a 200-day moving average of $74.36. The company has a market capitalization of $19.49 billion, a P/E ratio of -19.00, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $5 billion during 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 quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.55 earnings per share. As a group, equities research analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director William W. Douglas III acquired 701 shares of the stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.60% of the company's stock.

Institutional Trading of Dollar Tree

Large investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its stake in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after buying an additional 346 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Dollar Tree by 79.0% during the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Dollar Tree during the first quarter valued at about $30,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after purchasing an additional 232 shares in the last quarter. 97.40% of the stock is 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.