Dollar Tree (NASDAQ:DLTR) Upgraded by KeyCorp to "Overweight"

KeyCorp upgraded shares of Dollar Tree (NASDAQ:DLTR - Free Report) from a sector weight rating to an overweight rating in a research report released on Wednesday morning, Marketbeat reports. They currently have $150.00 target price on the stock.

DLTR has been the topic of several other research reports. Telsey Advisory Group reiterated an outperform rating and set a $160.00 price objective on shares of Dollar Tree in a research report on Thursday, March 14th. Truist Financial lowered their price target on shares of Dollar Tree from $149.00 to $147.00 and set a buy rating on the stock in a research report on Thursday, March 14th. BMO Capital Markets decreased their target price on shares of Dollar Tree from $170.00 to $160.00 and set an outperform rating on the stock in a research report on Thursday, March 14th. TheStreet cut shares of Dollar Tree from a b- rating to a c rating in a report on Wednesday, March 13th. Finally, Guggenheim boosted their price target on Dollar Tree from $155.00 to $170.00 and gave the company a buy rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $150.05.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $0.31 during mid-day trading on Wednesday, reaching $118.56. 1,929,237 shares of the company were exchanged, compared to its average volume of 2,766,401. The stock has a market capitalization of $25.84 billion, a P/E ratio of -25.60, a P/E/G ratio of 1.12 and a beta of 0.90. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The company's 50-day simple moving average is $133.06 and its 200-day simple moving average is $129.39. Dollar Tree has a twelve month low of $102.77 and a twelve month high of $161.10.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company's revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.04 EPS. As a group, research analysts predict that Dollar Tree will post 6.91 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were acquired at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction that occurred on Monday, April 1st. The shares were bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company's stock.

Institutional Trading of Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. NBC Securities Inc. grew its holdings in Dollar Tree by 7.1% during the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company's stock worth $163,000 after acquiring an additional 76 shares during the period. Horrell Capital Management Inc. increased its holdings in Dollar Tree by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company's stock worth $4,151,000 after purchasing an additional 94 shares in the last quarter. GAMMA Investing LLC lifted its stake in Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company's stock valued at $335,000 after buying an additional 96 shares during the period. Independence Bank of Kentucky boosted its holdings in shares of Dollar Tree by 15.0% during the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company's stock worth $108,000 after buying an additional 99 shares in the last quarter. Finally, 1ST Source Bank boosted its holdings in shares of Dollar Tree by 4.6% during the 3rd quarter. 1ST Source Bank now owns 2,396 shares of the company's stock worth $255,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

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.