Dollar Tree (NASDAQ:DLTR) Earns Market Perform Rating from Analysts at Sanford C. Bernstein

Stock analysts at Sanford C. Bernstein started coverage on shares of Dollar Tree (NASDAQ:DLTR) in a report released on Tuesday, Briefing.com reports. The firm set a “market perform” rating and a $76.00 price target on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 12.91% from the stock’s previous close.

DLTR has been the topic of a number of other research reports. Citigroup reduced their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Melius Research began coverage on shares of Dollar Tree in a report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. UBS Group dropped their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Piper Sandler reduced their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Wells Fargo & Company lowered their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $87.37.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $67.31 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of -14.66, a PEG ratio of 2.95 and a beta of 0.86. The firm’s 50-day moving average is $77.24 and its 200 day moving average is $99.89.

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

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Dollar Tree

Large investors have recently modified their holdings of the business. National Bank of Canada FI boosted its stake in Dollar Tree by 223.4% in the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after purchasing an additional 977,313 shares in the last quarter. Primecap Management Co. CA lifted its stake in shares of Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after buying an additional 957,275 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Dollar Tree by 488.4% during the second quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after buying an additional 867,054 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Dollar Tree in the 1st quarter valued at $99,862,000. Finally, Natixis purchased a new position in Dollar Tree in the 1st quarter worth $97,439,000. Hedge funds and other 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.