Dollar Tree (NASDAQ:DLTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to a buy rating in a research note published on Saturday.

Several other research firms have also recently issued reports on DLTR. Sanford C. Bernstein boosted their target price on Dollar Tree from $123.00 to $124.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $126.00 target price on shares of Dollar Tree in a research report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Dollar Tree in a research report on Friday, March 27th. Barclays reiterated an “overweight” rating on shares of Dollar Tree in a research report on Monday, March 16th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Dollar Tree in a research report on Tuesday, March 17th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $123.24.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $102.13 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $116.18 and its two-hundred day moving average is $113.85. Dollar Tree has a 12-month low of $70.71 and a 12-month high of $142.40. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.25 and a beta of 0.74.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Research analysts expect that Dollar Tree will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC grew its holdings in shares of Dollar Tree by 23.4% in the 4th quarter. Corient Private Wealth LLC now owns 24,608 shares of the company’s stock worth $3,027,000 after acquiring an additional 4,666 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Dollar Tree during the 4th quarter valued at $45,000. Bayban acquired a new stake in Dollar Tree during the 4th quarter valued at $49,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Dollar Tree during the 4th quarter valued at $1,230,000. Finally, Reflection Asset Management acquired a new stake in Dollar Tree during the 4th quarter valued at $25,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.