Dollar Tree (NASDAQ:DLTR) Cut to “Hold” at Wall Street Zen

Dollar Tree (NASDAQ:DLTR) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $126.00 price target on shares of Dollar Tree in a research note on Thursday, January 8th. BMO Capital Markets restated an “underperform” rating on shares of Dollar Tree in a research report on Tuesday, March 17th. Guggenheim reaffirmed a “buy” rating and issued a $130.00 target price on shares of Dollar Tree in a research report on Tuesday, March 17th. BTIG Research reiterated a “neutral” rating on shares of Dollar Tree in a research note on Monday, March 9th. Finally, UBS Group increased their price target on Dollar Tree from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $123.24.

Dollar Tree Trading Up 1.0%

Shares of NASDAQ:DLTR opened at $107.00 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. Dollar Tree has a 1 year low of $61.87 and a 1 year high of $142.40. The company has a market cap of $21.11 billion, a P/E ratio of 17.12, a PEG ratio of 1.34 and a beta of 0.73. The stock’s fifty day moving average price is $120.43 and its 200-day moving average price is $112.99.

Dollar Tree (NASDAQ:DLTR) last released 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 company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the company earned $2.11 EPS. Dollar Tree’s revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts expect that Dollar Tree will post 5.39 earnings per share for the current year.

Institutional Trading of Dollar Tree

Several large investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $25,000. Reflection Asset Management purchased a new position in shares of Dollar Tree during the 4th quarter worth $25,000. Covestor Ltd grew its position in shares of Dollar Tree by 60.9% during the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock valued at $27,000 after acquiring an additional 84 shares during the period. Root Financial Partners LLC bought a new stake in shares of Dollar Tree during the 3rd quarter valued at $29,000. Finally, YANKCOM Partnership purchased a new stake in shares of Dollar Tree in the 4th quarter worth $31,000. 97.40% of the stock is currently owned by institutional investors.

About Dollar Tree

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.