Buckingham Research began coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research report sent to investors on Tuesday, MarketBeat reports. The brokerage issued a neutral rating and a $92.00 target price on the stock.

A number of other analysts also recently issued reports on the company. Credit Suisse Group set a $96.00 price target on Dollar Tree and gave the stock a buy rating in a report on Wednesday, September 19th. Royal Bank of Canada reaffirmed a top pick rating on shares of Dollar Tree in a report on Wednesday, September 5th. Zacks Investment Research downgraded Dollar Tree from a buy rating to a hold rating in a report on Friday, August 31st. Morgan Stanley decreased their price target on Dollar Tree from $101.00 to $95.00 and set an equal weight rating for the company in a report on Friday, August 31st. Finally, UBS Group reduced their target price on Dollar Tree from $113.00 to $102.00 and set a buy rating for the company in a report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $101.49.

DLTR opened at $85.26 on Tuesday. Dollar Tree has a 12 month low of $79.17 and a 12 month high of $116.65. The firm has a market cap of $20.37 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.10 and a beta of 0.77. The company has a quick ratio of 0.52, a current ratio of 2.24 and a debt-to-equity ratio of 0.66.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). The company had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.54 billion. Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 earnings per share. research analysts forecast that Dollar Tree will post 5.5 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Signet Financial Management LLC acquired a new stake in shares of Dollar Tree in the 2nd quarter worth approximately $121,000. grace capital acquired a new stake in shares of Dollar Tree in the 2nd quarter worth approximately $153,000. Cerebellum GP LLC grew its holdings in shares of Dollar Tree by 58.9% in the 2nd quarter. Cerebellum GP LLC now owns 2,120 shares of the company’s stock worth $180,000 after acquiring an additional 786 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Dollar Tree by 46.0% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,190 shares of the company’s stock worth $186,000 after acquiring an additional 690 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in shares of Dollar Tree by 35.2% in the 2nd quarter. Dupont Capital Management Corp now owns 2,206 shares of the company’s stock worth $188,000 after acquiring an additional 574 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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