BidaskClub downgraded shares of Dollar Tree (NASDAQ:DLTR) from a sell rating to a strong sell rating in a research note released on Saturday morning, BidAskClub reports.

DLTR has been the topic of several other reports. JPMorgan Chase & Co. lowered Dollar Tree from an overweight rating to a neutral rating and reduced their price objective for the company from $125.00 to $96.00 in a research report on Wednesday, November 27th. Gordon Haskett lowered Dollar Tree from an accumulate rating to a reduce rating and reduced their price objective for the company from $106.00 to $85.00 in a research report on Wednesday, January 8th. Atlantic Securities lowered Dollar Tree from an overweight rating to a neutral rating and set a $102.00 price objective on the stock. in a research report on Friday, November 29th. Telsey Advisory Group lowered Dollar Tree from an outperform rating to a market perform rating and reduced their price objective for the company from $117.00 to $100.00 in a research report on Tuesday, November 26th. Finally, Citigroup reduced their price objective on Dollar Tree from $120.00 to $103.00 and set a neutral rating on the stock in a research report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $104.10.

Shares of Dollar Tree stock opened at $89.50 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.16 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $21.67 billion, a PE ratio of -13.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.45. The business’s 50-day moving average price is $92.19 and its 200-day moving average price is $103.19. Dollar Tree has a 12 month low of $88.26 and a 12 month high of $119.71.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05). The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.74 billion. Dollar Tree had a negative net margin of 6.82% and a positive return on equity of 20.85%. Dollar Tree’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.18 earnings per share. As a group, analysts predict that Dollar Tree will post 4.88 earnings per share for the current fiscal year.

In related news, Director Lemuel E. Lewis purchased 1,000 shares of Dollar Tree stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of $89.49 per share, for a total transaction of $89,490.00. Following the transaction, the director now directly owns 22,114 shares in the company, valued at $1,978,981.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in Dollar Tree by 15.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,778,093 shares of the company’s stock worth $2,231,360,000 after acquiring an additional 2,816,679 shares during the last quarter. BlackRock Inc. grew its position in shares of Dollar Tree by 6.5% in the 2nd quarter. BlackRock Inc. now owns 20,601,534 shares of the company’s stock worth $2,212,401,000 after buying an additional 1,260,064 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Dollar Tree by 13.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,671,646 shares of the company’s stock worth $533,315,000 after buying an additional 536,989 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Dollar Tree by 12,911.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,619,679 shares of the company’s stock worth $173,938,000 after buying an additional 1,607,231 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Dollar Tree by 13.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,414,335 shares of the company’s stock worth $161,461,000 after buying an additional 165,465 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Dollar Tree Company Profile

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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