Dollar Tree (DLTR) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to a buy rating in a research report report published on Wednesday.

DLTR has been the topic of a number of other research reports. Wells Fargo reissued an outperform rating and issued a $138.00 target price (up previously from $132.00) on shares of Dollar Tree in a report on Tuesday, January 23rd. Zacks Investment Research raised shares of Dollar Tree from a hold rating to a buy rating and set a $121.00 target price on the stock in a report on Thursday, January 4th. Jefferies Group reissued a neutral rating on shares of Dollar Tree in a report on Wednesday, March 7th. Morgan Stanley reissued an equal weight rating and issued a $101.00 target price (down previously from $112.00) on shares of Dollar Tree in a report on Thursday, March 8th. Finally, Guggenheim initiated coverage on Dollar Tree in a report on Wednesday, January 10th. They set a buy rating and a $125.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Dollar Tree currently has a consensus rating of Buy and an average price target of $108.39.

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Shares of NASDAQ DLTR opened at $94.90 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $116.65. The stock has a market capitalization of $22,523.19, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.16 and a beta of 0.80.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the prior year, the business earned $1.36 EPS. The business’s revenue was up 12.9% on a year-over-year basis. analysts anticipate that Dollar Tree will post 5.64 EPS for the current fiscal year.

In other news, Director Conrad M. Hall bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average price of $91.83 per share, with a total value of $918,300.00. Following the completion of the acquisition, the director now directly owns 799 shares in the company, valued at $73,372.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert H. Rudman sold 2,764 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $93.70, for a total value of $258,986.80. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Exane Derivatives bought a new stake in Dollar Tree during the fourth quarter worth approximately $104,000. Cerebellum GP LLC bought a new stake in Dollar Tree during the fourth quarter worth approximately $127,000. FTB Advisors Inc. raised its holdings in Dollar Tree by 249.2% during the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after purchasing an additional 992 shares in the last quarter. First Personal Financial Services bought a new stake in Dollar Tree during the fourth quarter worth approximately $165,000. Finally, Zions Bancorporation raised its holdings in Dollar Tree by 6,912.9% during the third quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock worth $189,000 after purchasing an additional 2,143 shares in the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

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About Dollar Tree

Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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