Zacks Investment Research upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a hold rating in a report released on Wednesday.

According to Zacks, “Dollar Tree's strategic initiatives like improving store productivity and store expansion have aided the stock to outperform the industry in the last three months. The company delivered solid bottom line results in third-quarter fiscal 2018, returning to positive earnings surprise trend after reporting bottom line miss in the preceding three quarters. Moreover, an impressive comps trend reflects strength in both Dollar Tree and Family Dollar banners, which should drive growth. However, sales lagged estimates for the fourth straight quarter. The company also continued to witness cost pressures arising from higher domestic freight and investment in store wages, which hurt margins. Due to persistence of these pressures, the company lowered its sales view for fiscal 2018 and also narrowed earnings forecast. Additionally, the company’s results are likely to be hurt by the imposition of tariffs on Chinese goods.”

A number of other equities analysts also recently issued reports on DLTR. ValuEngine upgraded Dollar Tree from a sell rating to a hold rating in a report on Friday, November 30th. Credit Suisse Group set a $96.00 price objective on Dollar Tree and gave the stock a buy rating in a report on Monday, November 26th. JPMorgan Chase & Co. decreased their price objective on Dollar Tree to $90.00 in a report on Sunday. Citigroup increased their price objective on Dollar Tree from $87.00 to $93.00 and gave the stock a neutral rating in a report on Tuesday. Finally, BidaskClub upgraded Dollar Tree from a hold rating to a buy rating in a report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $101.64.

DLTR traded down $0.12 during trading on Wednesday, reaching $86.13. The stock had a trading volume of 34,736 shares, compared to its average volume of 3,539,540. The company has a current ratio of 2.22, a quick ratio of 0.48 and a debt-to-equity ratio of 0.63. The company has a market cap of $20.52 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.15 and a beta of 0.65. Dollar Tree has a one year low of $78.78 and a one year high of $116.65.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.03. The business had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.55 billion. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, analysts predict that Dollar Tree will post 5.45 EPS for the current year.

In related news, Director Lemuel E. Lewis bought 1,210 shares of the business’s stock in a transaction dated Thursday, September 27th. The shares were purchased at an average cost of $82.75 per share, with a total value of $100,127.50. Following the completion of the purchase, the director now owns 20,114 shares in the company, valued at approximately $1,664,433.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DLTR. Price Capital Management Inc. purchased a new stake in shares of Dollar Tree during the third quarter valued at $106,000. SRS Capital Advisors Inc. boosted its position in shares of Dollar Tree by 252.9% during the third quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock valued at $115,000 after buying an additional 1,009 shares during the last quarter. Signet Financial Management LLC purchased a new stake in shares of Dollar Tree during the second quarter valued at $121,000. Stelac Advisory Services LLC purchased a new stake in shares of Dollar Tree during the third quarter valued at $121,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of Dollar Tree during the third quarter valued at $147,000. 92.14% of the stock is currently owned by institutional investors.

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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