Dollar Tree, Inc. (NASDAQ:DLTR) Receives Consensus Rating of “Moderate Buy” from Analysts

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $150.05.

Several equities research analysts have recently issued reports on the company. Evercore ISI reduced their target price on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a report on Tuesday. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. BMO Capital Markets dropped their price target on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th. Wells Fargo & Company lifted their price target on Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Finally, Jefferies Financial Group dropped their price target on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 1,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Daniel J. Heinrich acquired 1,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently added to or reduced their stakes in the business. Main Street Group LTD purchased a new stake in shares of Dollar Tree during the 4th quarter worth about $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Dollar Tree during the 4th quarter worth about $26,000. United Community Bank purchased a new stake in shares of Dollar Tree during the 4th quarter worth about $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree during the 1st quarter worth about $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Dollar Tree during the 3rd quarter worth about $26,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $122.03 on Friday. Dollar Tree has a one year low of $102.77 and a one year high of $161.10. The stock’s fifty day moving average is $136.07 and its 200 day moving average is $128.34. The stock has a market cap of $26.60 billion, a P/E ratio of -26.41, a P/E/G ratio of 1.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The company had revenue of $8.63 billion during 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%. Dollar Tree’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 earnings per share. Sell-side analysts anticipate that Dollar Tree will post 6.91 earnings per share for the current year.

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.