Gordon Haskett Upgrades Dollar Tree (DLTR) to “Accumulate”

Gordon Haskett upgraded shares of Dollar Tree (NASDAQ:DLTR) from a hold rating to an accumulate rating in a report issued on Monday morning. The brokerage currently has $110.00 target price on the stock.

DLTR has been the topic of a number of other reports. Credit Suisse Group set a $96.00 price objective on Dollar Tree and gave the company a buy rating in a research note on Monday, November 26th. BidaskClub upgraded Dollar Tree from a buy rating to a strong-buy rating in a research note on Friday, January 4th. ValuEngine lowered Dollar Tree from a buy rating to a hold rating in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. decreased their price objective on Dollar Tree to $90.00 in a research note on Sunday, December 2nd. Finally, Barclays set a $84.00 price objective on Dollar Tree and gave the company a hold rating in a research note on Thursday, September 27th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $96.80.

Shares of NASDAQ DLTR opened at $96.41 on Monday. Dollar Tree has a one year low of $78.78 and a one year high of $116.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22. The firm has a market cap of $23.12 billion, a PE ratio of 19.84, a PEG ratio of 1.30 and a beta of 0.50.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, November 29th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.03. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The firm had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts expect that Dollar Tree will post 5.45 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Fiduciary Management Inc. WI purchased a new stake in Dollar Tree during the 3rd quarter valued at about $266,051,000. FMR LLC lifted its holdings in Dollar Tree by 15.1% in the 3rd quarter. FMR LLC now owns 22,046,619 shares of the company’s stock worth $1,797,902,000 after buying an additional 2,890,549 shares during the period. Macquarie Group Ltd. lifted its holdings in Dollar Tree by 12.4% in the 2nd quarter. Macquarie Group Ltd. now owns 7,717,972 shares of the company’s stock worth $656,029,000 after buying an additional 852,139 shares during the period. Renaissance Technologies LLC purchased a new stake in Dollar Tree in the 2nd quarter worth approximately $51,247,000. Finally, Marshall Wace LLP lifted its holdings in Dollar Tree by 2,473.9% in the 3rd quarter. Marshall Wace LLP now owns 587,834 shares of the company’s stock worth $47,938,000 after buying an additional 564,996 shares during the period. Hedge funds and other institutional investors own 92.04% of the company’s stock.

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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