Dollar Tree (DLTR) Cut to Market Perform at Oppenheimer

Oppenheimer cut shares of Dollar Tree (NASDAQ:DLTR) from an outperform rating to a market perform rating in a research note issued to investors on Thursday. Oppenheimer currently has $104.00 price target on the stock, up from their previous price target of $92.00. Oppenheimer also issued estimates for Dollar Tree’s FY2021 earnings at $6.40 EPS.

A number of other equities analysts have also commented on DLTR. ValuEngine lowered shares of Dollar Tree from a buy rating to a hold rating in a research report on Wednesday, January 2nd. 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 Monday, November 26th. BidaskClub raised shares of Dollar Tree from a hold rating to a buy rating in a research report on Thursday, December 20th. BMO Capital Markets began coverage on shares of Dollar Tree in a research report on Thursday. They set a market perform rating on the stock. Finally, Zacks Investment Research raised shares of Dollar Tree from a sell rating to a hold rating in a research report on Wednesday, December 5th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Dollar Tree has a consensus rating of Hold and an average price target of $100.96.

NASDAQ:DLTR traded up $0.87 during mid-day trading on Thursday, reaching $97.28. 1,733,700 shares of the company’s stock were exchanged, compared to its average volume of 3,495,800. Dollar Tree has a one year low of $78.78 and a one year high of $116.65. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, November 29th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $1.01 earnings per share. Dollar Tree’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Dollar Tree will post 5.45 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in Dollar Tree by 4.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 67,945 shares of the company’s stock valued at $5,541,000 after buying an additional 2,800 shares during the period. Renaissance Technologies LLC bought a new position in Dollar Tree in the 2nd quarter valued at about $51,247,000. First Hawaiian Bank bought a new position in Dollar Tree in the 3rd quarter valued at about $1,573,000. United Services Automobile Association increased its holdings in Dollar Tree by 0.8% in the 3rd quarter. United Services Automobile Association now owns 142,143 shares of the company’s stock valued at $11,592,000 after buying an additional 1,143 shares during the period. Finally, Rothschild Investment Corp IL increased its holdings in Dollar Tree by 7.0% in the 3rd quarter. Rothschild Investment Corp IL now owns 29,189 shares of the company’s stock valued at $2,380,000 after buying an additional 1,910 shares during the period. 92.04% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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