Dollar Tree (DLTR) Cut to “Hold” at BidaskClub
Dollar Tree (NASDAQ:DLTR) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.
Several other brokerages have also weighed in on DLTR. Bank of America lifted their price objective on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Wells Fargo & Co reissued an “outperform” rating and set a $138.00 price objective (up previously from $132.00) on shares of Dollar Tree in a report on Tuesday, January 23rd. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective on the stock in a report on Tuesday, January 16th. Guggenheim reissued a “buy” rating on shares of Dollar Tree in a report on Wednesday, January 31st. Finally, Oppenheimer assumed coverage on Dollar Tree in a report on Tuesday, January 16th. They set an “outperform” rating and a $130.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Dollar Tree has a consensus rating of “Buy” and a consensus target price of $105.92.
Shares of Dollar Tree (NASDAQ:DLTR) traded up $0.32 during trading hours on Thursday, hitting $104.41. The stock had a trading volume of 2,333,038 shares, compared to its average volume of 2,562,468. Dollar Tree has a one year low of $65.63 and a one year high of $116.65. The firm has a market cap of $24,679.37, a price-to-earnings ratio of 24.86, a PEG ratio of 1.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28.
Institutional investors and hedge funds have recently modified their holdings of the business. Exane Derivatives bought a new position in Dollar Tree in the 4th quarter valued at $104,000. Cerebellum GP LLC bought a new position in Dollar Tree in the 4th quarter valued at $127,000. FTB Advisors Inc. raised its position in Dollar Tree by 249.2% in the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after purchasing an additional 992 shares during the last quarter. First Personal Financial Services bought a new position in Dollar Tree in the 4th quarter valued at $165,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in Dollar Tree by 38.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock valued at $203,000 after purchasing an additional 528 shares during the last quarter. Hedge funds and other institutional investors own 91.50% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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