Dollar Tree (NASDAQ:DLTR) Downgraded by BidaskClub

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BidaskClub downgraded shares of Dollar Tree (NASDAQ:DLTR) from a buy rating to a hold rating in a research report sent to investors on Saturday, November 2nd, BidAskClub reports.

Several other equities research analysts also recently weighed in on the company. OTR Global upgraded Dollar Tree from a mixed rating to a positive rating in a report on Friday, August 23rd. UBS Group set a $120.00 price target on Dollar Tree and gave the stock a buy rating in a report on Friday, October 11th. TheStreet downgraded Dollar Tree from a b- rating to a c+ rating in a report on Wednesday, July 31st. Citigroup set a $120.00 price target on Dollar Tree and gave the stock a hold rating in a report on Friday, September 27th. Finally, Wells Fargo & Co increased their price target on Dollar Tree from $130.00 to $140.00 and gave the stock an outperform rating in a report on Tuesday, October 22nd. Twelve investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $110.34.

Shares of DLTR traded down $2.12 during trading hours on Friday, reaching $110.35. 1,297,700 shares of the company’s stock traded hands, compared to its average volume of 2,117,290. The stock has a market cap of $26.80 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55. Dollar Tree has a 12 month low of $81.02 and a 12 month high of $119.71. The firm’s 50 day simple moving average is $113.99 and its 200-day simple moving average is $106.69. The company has a current ratio of 1.06, a quick ratio of 0.21 and a debt-to-equity ratio of 1.41.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.20). The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.72 billion. Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. Dollar Tree’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 earnings per share. As a group, analysts expect that Dollar Tree will post 5.18 earnings per share for the current fiscal year.

In other Dollar Tree news, Director Thomas A. Saunders sold 4,000 shares of Dollar Tree stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $113.29, for a total transaction of $453,160.00. Following the completion of the sale, the director now owns 2,386,145 shares of the company’s stock, valued at approximately $270,326,367.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Bob Sasser sold 70,000 shares of Dollar Tree stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $115.92, for a total value of $8,114,400.00. Following the sale, the chairman now directly 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 valued at $9,408,464 in the last three months. Insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Silverleafe Capital Partners LLC acquired a new position in shares of Dollar Tree in the 2nd quarter valued at about $854,000. Crossmark Global Holdings Inc. increased its stake in Dollar Tree by 3.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,884 shares of the company’s stock worth $2,135,000 after buying an additional 737 shares in the last quarter. Supplemental Annuity Collective Trust of NJ increased its stake in Dollar Tree by 12.5% during the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 9,000 shares of the company’s stock worth $967,000 after buying an additional 1,000 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Dollar Tree by 30.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 862 shares of the company’s stock worth $93,000 after buying an additional 203 shares in the last quarter. Finally, First Command Financial Services Inc. increased its stake in Dollar Tree by 47.2% during the 2nd quarter. First Command Financial Services Inc. now owns 935 shares of the company’s stock worth $100,000 after buying an additional 300 shares in the last quarter. 94.13% of the stock is owned by institutional investors.

About Dollar Tree

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.

See Also: Leveraged Buyout (LBO)

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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