Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been assigned an average recommendation of “Hold” from the thirty-one analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $102.56.

A number of brokerages have weighed in on DLTR. Royal Bank of Canada reaffirmed a “top pick” rating on shares of Dollar Tree in a report on Wednesday, September 5th. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Morgan Stanley decreased their price target on Dollar Tree from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, August 31st. UBS Group decreased their price target on Dollar Tree from $113.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Finally, Credit Suisse Group raised Dollar Tree to a “buy” rating and set a $96.00 price target on the stock in a research note on Thursday, August 30th.

DLTR stock traded down $0.24 during trading on Friday, hitting $84.17. The company had a trading volume of 127,492 shares, compared to its average volume of 5,240,377. The stock has a market capitalization of $20.21 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. Dollar Tree has a 1-year low of $79.17 and a 1-year high of $116.65. The company has a quick ratio of 0.52, a current ratio of 2.24 and a debt-to-equity ratio of 0.66.

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

In other Dollar Tree news, Director Thomas E. Whiddon purchased 2,250 shares of the business’s stock in a transaction on Monday, June 18th. The stock was bought at an average cost of $88.78 per share, for a total transaction of $199,755.00. Following the acquisition, the director now owns 26,121 shares of the company’s stock, valued at approximately $2,319,022.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of DLTR. HRT Financial LLC acquired a new stake in shares of Dollar Tree during the 2nd quarter worth $561,000. Davidson Kempner Capital Management LP increased its holdings in shares of Dollar Tree by 330.0% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 537,500 shares of the company’s stock worth $45,677,000 after buying an additional 412,500 shares during the last quarter. Hellman Jordan Management Co. Inc. MA increased its holdings in shares of Dollar Tree by 26.1% during the 2nd quarter. Hellman Jordan Management Co. Inc. MA now owns 12,087 shares of the company’s stock worth $1,027,000 after buying an additional 2,500 shares during the last quarter. Odey Asset Management Group Ltd increased its holdings in shares of Dollar Tree by 180.7% during the 2nd quarter. Odey Asset Management Group Ltd now owns 19,650 shares of the company’s stock worth $1,670,000 after buying an additional 12,650 shares during the last quarter. Finally, Andra AP fonden increased its holdings in shares of Dollar Tree by 53.3% during the 2nd quarter. Andra AP fonden now owns 88,900 shares of the company’s stock worth $7,556,000 after buying an additional 30,900 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.

About Dollar Tree

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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