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

A number of other research firms have also issued reports on DLTR. KeyCorp boosted their target price on shares of Dollar Tree from $90.00 to $110.00 and gave the company an overweight rating in a research note on Friday, May 29th. Zacks Investment Research lowered shares of Dollar Tree from a hold rating to a sell rating and set a $90.00 target price for the company. in a research note on Wednesday, May 27th. Cfra upped their price target on shares of Dollar Tree from $95.00 to $110.00 and gave the stock a buy rating in a research note on Thursday, May 28th. Morgan Stanley upped their price target on shares of Dollar Tree from $105.00 to $108.00 and gave the stock an equal weight rating in a research note on Thursday, June 4th. Finally, Citigroup upped their price target on shares of Dollar Tree from $103.00 to $115.00 and gave the stock a buy rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $102.50.

Dollar Tree stock opened at $92.68 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average price of $87.84 and a two-hundred day moving average price of $85.26. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.05 and a beta of 0.61. Dollar Tree has a 52-week low of $60.20 and a 52-week high of $119.71.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, May 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.14 billion. Dollar Tree had a net margin of 3.35% and a return on equity of 18.69%. Dollar Tree’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. Research analysts expect that Dollar Tree will post 4.65 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. AXA lifted its stake in Dollar Tree by 800.9% during the first quarter. AXA now owns 68,795 shares of the company’s stock valued at $5,055,000 after purchasing an additional 61,159 shares during the last quarter. Pathstone Family Office LLC raised its holdings in shares of Dollar Tree by 882.2% during the first quarter. Pathstone Family Office LLC now owns 3,320 shares of the company’s stock valued at $244,000 after acquiring an additional 2,982 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of Dollar Tree during the first quarter valued at approximately $26,243,000. Highlander Capital Management LLC raised its holdings in shares of Dollar Tree by 8.6% during the first quarter. Highlander Capital Management LLC now owns 19,000 shares of the company’s stock valued at $1,396,000 after acquiring an additional 1,500 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Dollar Tree by 14.7% during the first quarter. The Manufacturers Life Insurance Company now owns 830,960 shares of the company’s stock valued at $61,051,000 after acquiring an additional 106,544 shares during the period. 89.58% of the stock is owned by institutional investors and hedge funds.

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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