Investment Analysts’ Weekly Ratings Changes for Dollar Tree (DLTR)

Dollar Tree (NASDAQ: DLTR) recently received a number of ratings updates from brokerages and research firms:

• 11/20/2024 – Dollar Tree was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/18/2024 – Dollar Tree had its price target lowered by analysts at BMO Capital Markets from $68.00 to $65.00. They now have a “market perform” rating on the stock.
• 11/12/2024 – Dollar Tree was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/7/2024 – Dollar Tree was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.
• 11/5/2024 – Dollar Tree had its price target raised by analysts at JPMorgan Chase & Co. from $70.00 to $82.00. They now have a “neutral” rating on the stock.
• 11/5/2024 – Dollar Tree was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating. They now have a $75.00 price target on the stock, down previously from $95.00.
• 10/22/2024 – Dollar Tree is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $76.00 price target on the stock.
• 10/22/2024 – Dollar Tree had its price target lowered by analysts at Evercore ISI from $105.00 to $100.00. They now have an “in-line” rating on the stock.
• 9/23/2024 – Dollar Tree was upgraded by analysts at Redburn Atlantic to a “hold” rating.
• 9/23/2024 – Dollar Tree is now covered by analysts at Melius Research. They set a “hold” rating and a $70.00 price target on the stock.

Dollar Tree Stock Up 4.1 %

NASDAQ:DLTR traded up $2.58 during mid-day trading on Thursday, hitting $65.76. 4,056,117 shares of the company’s stock traded hands, compared to its average volume of 3,415,124. The company has a market capitalization of $14.14 billion, a P/E ratio of -13.48, a P/E/G ratio of 2.57 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The company has a fifty day moving average of $67.85 and a 200 day moving average of $91.03.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. On average, analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dollar Tree

Institutional investors have recently made changes to their positions in the stock. Primecap Management Co. CA raised its holdings in Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after acquiring an additional 957,275 shares in the last quarter. Renaissance Technologies LLC raised its stake in Dollar Tree by 488.4% in 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 in the last quarter. Equity Investment Corp boosted its position in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Dollar Tree by 165.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock worth $109,803,000 after acquiring an additional 640,848 shares in the last quarter. Finally, Canoe Financial LP acquired a new position in Dollar Tree in the third quarter valued at approximately $46,576,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.