Dollar Tree (NASDAQ:DLTR) Upgraded by Wall Street Zen to Buy Rating

Dollar Tree (NASDAQ:DLTRGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other analysts have also issued reports on DLTR. Truist Financial cut their price target on Dollar Tree from $156.00 to $142.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley lowered their price objective on Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Tuesday. UBS Group boosted their price objective on Dollar Tree from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Barclays restated an “overweight” rating on shares of Dollar Tree in a research note on Monday. Finally, Evercore raised shares of Dollar Tree to a “hold” rating in a report on Tuesday, February 3rd. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $123.24.

Read Our Latest Stock Report on Dollar Tree

Dollar Tree Trading Up 0.3%

Shares of Dollar Tree stock opened at $105.92 on Friday. The company’s fifty day simple moving average is $123.67 and its 200-day simple moving average is $112.73. The stock has a market capitalization of $20.90 billion, a PE ratio of 16.95, a P/E/G ratio of 1.32 and a beta of 0.73. Dollar Tree has a 1-year low of $61.87 and a 1-year high of $142.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.22.

Dollar Tree (NASDAQ:DLTRGet Free Report) last posted its quarterly earnings data on Monday, March 16th. The company reported $2.56 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 firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the business posted $2.11 EPS. Dollar Tree’s revenue was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in Dollar Tree in the 4th quarter valued at about $25,000. Reflection Asset Management bought a new position in Dollar Tree in the 4th quarter worth about $25,000. Covestor Ltd increased its position in shares of Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after acquiring an additional 84 shares during the period. YANKCOM Partnership purchased a new position in shares of Dollar Tree during the fourth quarter worth approximately $31,000. Finally, DV Equities LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $32,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree News Roundup

Here are the key news stories impacting Dollar Tree this week:

About Dollar Tree

(Get Free Report)

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.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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