BidaskClub Lowers Dollar Tree (NASDAQ:DLTR) to Sell

Dollar Tree (NASDAQ:DLTR) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday, BidAskClub reports.

A number of other research firms have also recently commented on DLTR. Wells Fargo & Co raised their price target on shares of Dollar Tree from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. UBS Group reaffirmed a “buy” rating and issued a $108.00 price target on shares of Dollar Tree in a research note on Wednesday, November 27th. ValuEngine lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Citigroup cut their price objective on shares of Dollar Tree from $120.00 to $103.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Zacks Investment Research upgraded Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 target price for the company in a research note on Monday, September 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $104.89.

Dollar Tree stock opened at $88.65 on Wednesday. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.36 and a beta of 0.45. Dollar Tree has a 52-week low of $81.71 and a 52-week high of $119.71. The stock’s 50 day moving average price is $108.91 and its two-hundred day moving average price is $106.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.16 and a current ratio of 1.09.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). Dollar Tree had a negative net margin of 6.82% and a positive return on equity of 20.85%. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that Dollar Tree will post 4.86 EPS for the current year.

In related news, Director Lemuel E. Lewis purchased 1,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of $89.49 per share, for a total transaction of $89,490.00. Following the purchase, the director now owns 22,114 shares of the company’s stock, valued at $1,978,981.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Bob Sasser sold 70,000 shares of Dollar Tree stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $115.92, for a total value of $8,114,400.00. Following the transaction, the chairman now owns 719 shares of the company’s stock, valued at approximately $83,346.48. The disclosure for this sale can be found here. Insiders sold a total of 81,519 shares of company stock worth $9,408,464 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. NEXT Financial Group Inc purchased a new stake in Dollar Tree in the 2nd quarter valued at $70,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Dollar Tree by 829.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 58,547 shares of the company’s stock valued at $6,286,000 after purchasing an additional 52,248 shares during the last quarter. AE Wealth Management LLC bought a new position in shares of Dollar Tree during the second quarter valued at about $432,000. BB&T Corp lifted its position in shares of Dollar Tree by 40.0% during the second quarter. BB&T Corp now owns 10,625 shares of the company’s stock valued at $1,141,000 after purchasing an additional 3,036 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Dollar Tree by 10.0% during the second quarter. Daiwa Securities Group Inc. now owns 14,521 shares of the company’s stock worth $1,560,000 after purchasing an additional 1,321 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Read More: Diversification

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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