A number of other research firms have also weighed in on DLTR. StockNews.com lowered Dollar Tree from a buy rating to a hold rating in a research note on Tuesday, May 24th. Piper Sandler raised Dollar Tree from a neutral rating to an overweight rating and upped their price objective for the stock from $157.00 to $181.00 in a research note on Wednesday, March 9th. Loop Capital raised Dollar Tree from a hold rating to a buy rating and upped their price objective for the stock from $140.00 to $200.00 in a research note on Wednesday, March 9th. Guggenheim upped their price objective on Dollar Tree from $165.00 to $175.00 and gave the stock a buy rating in a research note on Thursday, March 3rd. Finally, BMO Capital Markets raised Dollar Tree from a market perform rating to an outperform rating and upped their price objective for the stock from $155.00 to $170.00 in a research note on Monday, February 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $160.76.
Shares of DLTR opened at $165.00 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $159.20 and a two-hundred day simple moving average of $145.42. The stock has a market cap of $37.22 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.11 and a beta of 0.70. Dollar Tree has a 52 week low of $84.26 and a 52 week high of $177.19.
In other news, insider David A. Jacobs sold 542 shares of the stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $157.94, for a total value of $85,603.48. Following the sale, the insider now directly owns 17,085 shares in the company, valued at $2,698,404.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel J. Heinrich purchased 425 shares of Dollar Tree stock in a transaction dated Monday, March 28th. The stock was acquired at an average price of $156.09 per share, for a total transaction of $66,338.25. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Dollar Tree by 629.6% in the fourth quarter. Allworth Financial LP now owns 197 shares of the company’s stock worth $28,000 after buying an additional 170 shares during the period. Missouri Trust & Investment Co purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $31,000. Hanson & Doremus Investment Management purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $32,000. Covestor Ltd purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $32,000. Finally, Karlinski Andrew C purchased a new stake in shares of Dollar Tree in the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.
About Dollar Tree (Get Rating)
Dollar Tree, Inc operates discount variety retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.
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