Buckingham Research Initiates Coverage on Dollar Tree (DLTR)

Equities research analysts at Buckingham Research started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research report issued on Tuesday, Marketbeat reports. The brokerage set a “neutral” rating and a $92.00 price target on the stock. Buckingham Research’s target price would indicate a potential upside of 9.06% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to an “accumulate” rating and set a $98.00 price objective for the company. in a report on Monday, June 4th. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. Credit Suisse Group set a $93.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a report on Tuesday, June 12th. Loop Capital set a $120.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a report on Friday, June 1st. Finally, Barclays restated a “buy” rating and set a $105.00 price objective on shares of Dollar Tree in a report on Friday, June 1st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $101.49.

Shares of DLTR stock opened at $84.36 on Tuesday. The stock has a market capitalization of $20.28 billion, a PE ratio of 16.27, a PEG ratio of 1.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.24 and a quick ratio of 0.52. Dollar Tree has a one year low of $79.17 and a one year high of $116.65.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). The firm had revenue of $5.53 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. equities research analysts anticipate that Dollar Tree will post 5.5 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. FMR LLC boosted its position in Dollar Tree by 3.2% during the second quarter. FMR LLC now owns 19,156,070 shares of the company’s stock worth $1,628,266,000 after purchasing an additional 600,688 shares during the period. BlackRock Inc. boosted its position in Dollar Tree by 0.4% during the second quarter. BlackRock Inc. now owns 14,726,245 shares of the company’s stock worth $1,251,728,000 after purchasing an additional 64,736 shares during the period. Macquarie Group Ltd. boosted its position in Dollar Tree by 12.4% during the second quarter. Macquarie Group Ltd. now owns 7,717,972 shares of the company’s stock worth $656,029,000 after purchasing an additional 852,139 shares during the period. Akre Capital Management LLC boosted its position in Dollar Tree by 4.0% during the second quarter. Akre Capital Management LLC now owns 5,032,556 shares of the company’s stock worth $427,767,000 after purchasing an additional 195,691 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Dollar Tree by 0.4% during the first quarter. Principal Financial Group Inc. now owns 4,115,126 shares of the company’s stock worth $390,525,000 after purchasing an additional 16,447 shares during the period. Hedge funds and other institutional investors own 92.13% 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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