Dollar Tree (NASDAQ:DLTR) Now Covered by Analysts at Sanford C. Bernstein

Sanford C. Bernstein began coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note published on Tuesday morning, MarketBeat.com reports. The brokerage issued a market perform rating and a $76.00 price target on the stock.

Several other analysts have also recently commented on the company. Barclays decreased their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Piper Sandler lowered their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday, September 5th. Citigroup lowered their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Melius Research assumed coverage on Dollar Tree in a report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and an average target price of $88.53.

Dollar Tree Trading Down 0.7 %

Shares of Dollar Tree stock opened at $66.45 on Tuesday. Dollar Tree has a 12-month low of $60.81 and a 12-month high of $151.21. The stock has a market capitalization of $14.28 billion, a P/E ratio of -14.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86. The company has a 50-day simple moving average of $75.60 and a 200 day simple moving average of $98.99. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS. Research analysts expect that Dollar Tree will post 5.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

Several institutional investors have recently modified their holdings of DLTR. Strategic Financial Concepts LLC acquired a new stake in Dollar Tree during the 2nd quarter worth approximately $26,000. Register Financial Advisors LLC acquired a new stake in shares of Dollar Tree during the first quarter worth $28,000. Mather Group LLC. lifted its position in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares in the last quarter. Eastern Bank acquired a new position in Dollar Tree in the 3rd quarter worth $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree during the 2nd quarter worth about $37,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.