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

Cfra Research upgraded shares of Dollar Tree (NASDAQ:DLTR) to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on DLTR. JPMorgan Chase & Co. lowered their price target on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Telsey Advisory Group increased their price target on Dollar Tree from $82.00 to $95.00 and gave the stock a “market perform” rating in a report on Tuesday. Evercore ISI increased their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a report on Thursday, March 27th. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the company a “market perform” rating in a report on Monday, May 5th. Finally, Truist Financial raised their target price on Dollar Tree from $84.00 to $89.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $84.05.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $90.63 on Wednesday. The stock has a market cap of $19.49 billion, a PE ratio of -19.00, a P/E/G ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $121.92. The stock has a fifty day simple moving average of $80.51 and a 200-day simple moving average of $74.36.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.55 earnings per share. Equities analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

Insider Activity

In other news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated 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 approximately $316,055.70. This trade represents a 22.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William W. Douglas III acquired 701 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in shares of Dollar Tree during the 1st quarter worth about $4,631,000. Intech Investment Management LLC raised its position in shares of Dollar Tree by 1.9% during the 1st quarter. Intech Investment Management LLC now owns 31,978 shares of the company’s stock worth $2,401,000 after acquiring an additional 585 shares in the last quarter. Focus Partners Wealth raised its position in shares of Dollar Tree by 2.0% during the 1st quarter. Focus Partners Wealth now owns 10,646 shares of the company’s stock worth $799,000 after acquiring an additional 213 shares in the last quarter. Bayforest Capital Ltd raised its position in shares of Dollar Tree by 309.2% during the 1st quarter. Bayforest Capital Ltd now owns 14,927 shares of the company’s stock worth $1,121,000 after acquiring an additional 11,279 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Dollar Tree by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,239,916 shares of the company’s stock worth $93,080,000 after acquiring an additional 59,606 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.