Dollar Tree (DLTR) Earns Market Perform Rating from Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research report sent to investors on Monday morning, The Fly reports. The firm issued a market perform rating on the stock.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their target price on Dollar Tree to $90.00 in a report on Sunday, December 2nd. Morgan Stanley decreased their price objective on Dollar Tree from $95.00 to $90.00 in a report on Sunday, December 9th. Gordon Haskett upgraded Dollar Tree from a hold rating to an accumulate rating and set a $110.00 price objective for the company in a report on Monday, January 7th. Raymond James set a $95.00 price objective on Dollar Tree and gave the company a buy rating in a report on Sunday, December 2nd. Finally, BidaskClub upgraded Dollar Tree from a hold rating to a buy rating in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $99.82.

DLTR stock opened at $98.56 on Monday. The stock has a market cap of $23.33 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.23 and a beta of 0.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.48. Dollar Tree has a 1 year low of $78.78 and a 1 year high of $109.57.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.03. The firm had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.55 billion. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. As a group, sell-side analysts forecast that Dollar Tree will post 5.45 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its position in Dollar Tree by 20.8% during the fourth quarter. Parallel Advisors LLC now owns 598 shares of the company’s stock worth $54,000 after acquiring an additional 103 shares during the last quarter. Boltwood Capital Management lifted its position in Dollar Tree by 1.1% during the fourth quarter. Boltwood Capital Management now owns 9,635 shares of the company’s stock worth $870,000 after acquiring an additional 105 shares during the last quarter. Burney Co. lifted its position in Dollar Tree by 0.5% during the fourth quarter. Burney Co. now owns 23,421 shares of the company’s stock worth $2,115,000 after acquiring an additional 113 shares during the last quarter. Cigna Investments Inc. New lifted its position in Dollar Tree by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 7,021 shares of the company’s stock worth $634,000 after acquiring an additional 120 shares during the last quarter. Finally, Keybank National Association OH lifted its position in Dollar Tree by 4.9% during the fourth quarter. Keybank National Association OH now owns 2,871 shares of the company’s stock worth $259,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 92.24% 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.

Read More: Cost of Goods Sold (COGS)

The Fly

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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