Buckingham Research upgraded shares of Dollar Tree (NASDAQ:DLTR) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports.

Other equities analysts have also issued reports about the stock. Citigroup boosted their price target on shares of Dollar Tree from $87.00 to $93.00 and gave the stock a neutral rating in a research report on Tuesday, December 4th. Zacks Investment Research upgraded shares of Dollar Tree from a sell rating to a hold rating in a research report on Wednesday, December 5th. ValuEngine upgraded shares of Dollar Tree from a sell rating to a hold rating in a research report on Wednesday, October 24th. Credit Suisse Group set a $96.00 price target on shares of Dollar Tree and gave the stock a buy rating in a research report on Wednesday, September 19th. Finally, BidaskClub upgraded shares of Dollar Tree from a hold rating to a buy rating in a research report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Dollar Tree has an average rating of Hold and an average price target of $100.96.

Shares of NASDAQ DLTR traded up $0.97 during trading on Tuesday, hitting $97.38. The company had a trading volume of 1,141,926 shares, compared to its average volume of 3,021,696. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $116.65. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.30 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 2.22 and a debt-to-equity ratio of 0.63.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.03. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The business had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same quarter last year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Dollar Tree will post 5.45 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Dollar Tree by 4.3% in the third quarter. Nisa Investment Advisors LLC now owns 67,945 shares of the company’s stock valued at $5,541,000 after purchasing an additional 2,800 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Dollar Tree during the 2nd quarter worth approximately $51,247,000. First Hawaiian Bank acquired a new position in Dollar Tree during the 3rd quarter worth approximately $1,573,000. United Services Automobile Association grew its holdings in Dollar Tree by 0.8% during the 3rd quarter. United Services Automobile Association now owns 142,143 shares of the company’s stock worth $11,592,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Rothschild Investment Corp IL grew its holdings in Dollar Tree by 7.0% during the 3rd quarter. Rothschild Investment Corp IL now owns 29,189 shares of the company’s stock worth $2,380,000 after acquiring an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 92.04% 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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