TheStreet upgraded shares of Dollar Tree (NASDAQ:DLTR) from a c rating to a b- rating in a research report released on Thursday morning, TheStreetRatingsTable reports.

DLTR has been the subject of a number of other research reports. BMO Capital Markets set a $105.00 price objective on Dollar Tree and gave the stock a buy rating in a research report on Thursday, March 7th. ValuEngine raised Dollar Tree from a hold rating to a buy rating in a research report on Thursday, March 7th. Telsey Advisory Group reissued a market perform rating and issued a $103.00 price objective (up previously from $90.00) on shares of Dollar Tree in a research report on Thursday, March 7th. BidaskClub raised Dollar Tree from a hold rating to a buy rating in a research report on Tuesday, April 23rd. Finally, Morgan Stanley raised their price objective on Dollar Tree from $90.00 to $92.00 and gave the stock an equal weight rating in a research report on Thursday, March 7th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Dollar Tree currently has an average rating of Buy and an average target price of $102.37.

Dollar Tree stock opened at $101.59 on Thursday. The company has a quick ratio of 0.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $23.45 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44. Dollar Tree has a 1-year low of $78.78 and a 1-year high of $111.61.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.14 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.14. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.78 billion. Dollar Tree had a positive return on equity of 18.24% and a negative net margin of 6.43%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. As a group, equities research analysts expect that Dollar Tree will post 5.24 EPS for the current fiscal year.

In related news, Director Lemuel E. Lewis acquired 1,000 shares of Dollar Tree stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $99.98 per share, for a total transaction of $99,980.00. Following the purchase, the director now owns 21,114 shares of the company’s stock, valued at approximately $2,110,977.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary M. Philbin sold 9,614 shares of Dollar Tree stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $110.00, for a total value of $1,057,540.00. Following the transaction, the chief executive officer now owns 84,665 shares of the company’s stock, valued at approximately $9,313,150. The disclosure for this sale can be found here. Insiders sold a total of 43,561 shares of company stock valued at $4,537,642 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Dollar Tree by 5.6% during the 1st quarter. BlackRock Inc. now owns 19,341,470 shares of the company’s stock valued at $2,031,629,000 after buying an additional 1,024,134 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Dollar Tree by 15.4% during the 4th quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock valued at $881,404,000 after buying an additional 1,303,200 shares during the last quarter. Jackson Square Partners LLC raised its stake in shares of Dollar Tree by 55.9% during the 1st quarter. Jackson Square Partners LLC now owns 6,599,870 shares of the company’s stock valued at $693,250,000 after buying an additional 2,367,545 shares during the last quarter. Boston Partners increased its stake in shares of Dollar Tree by 4.9% in the 4th quarter. Boston Partners now owns 3,755,582 shares of the company’s stock valued at $339,204,000 after purchasing an additional 175,027 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Dollar Tree by 6.7% in the 1st quarter. Geode Capital Management LLC now owns 3,409,950 shares of the company’s stock valued at $357,572,000 after purchasing an additional 214,998 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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