Dollar Tree (DLTR) Stock Rating Lowered by ValuEngine

Dollar Tree (NASDAQ:DLTR) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also commented on the company. KeyCorp upped their target price on Dollar Tree from $108.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 17th. Gordon Haskett lowered Dollar Tree from an “accumulate” rating to a “hold” rating in a research report on Monday, October 15th. Royal Bank of Canada lowered Dollar Tree from a “top pick” rating to an “outperform” rating and set a $90.00 target price on the stock. in a research report on Tuesday, September 4th. Morgan Stanley dropped their target price on Dollar Tree from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, August 31st. Finally, BidaskClub lowered Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $101.90.

Shares of DLTR stock opened at $82.13 on Wednesday. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $116.65. The stock has a market cap of $19.39 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 2.24.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.01). The business had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. Dollar Tree’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. Sell-side analysts predict that Dollar Tree will post 5.5 EPS for the current year.

In related news, Director Lemuel E. Lewis purchased 1,210 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was bought at an average cost of $82.75 per share, with a total value of $100,127.50. Following the completion of the acquisition, the director now owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

A number of large investors have recently made changes to their positions in DLTR. Price Capital Management Inc. acquired a new position in shares of Dollar Tree during the 3rd quarter worth approximately $106,000. SRS Capital Advisors Inc. raised its stake in shares of Dollar Tree by 252.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock worth $115,000 after buying an additional 1,009 shares during the period. Signet Financial Management LLC acquired a new position in shares of Dollar Tree during the 2nd quarter worth approximately $121,000. Stelac Advisory Services LLC acquired a new position in shares of Dollar Tree during the 3rd quarter worth approximately $121,000. Finally, grace capital acquired a new position in shares of Dollar Tree during the 2nd quarter worth approximately $153,000. 92.83% of the stock is owned by institutional investors.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through 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.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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