Investment analysts at Wolfe Research assumed coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research note issued to investors on Monday, The Fly reports. The firm set a “market perform” rating on the stock.
A number of other research firms also recently issued reports on DLTR. Royal Bank of Canada increased their price objective on Dollar Tree from $94.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, November 30th. Oppenheimer downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and raised their price target for the company from $92.00 to $104.00 in a research note on Thursday, January 10th. ValuEngine downgraded Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Morgan Stanley reaffirmed a “hold” rating on shares of Dollar Tree in a research report on Sunday, December 2nd. Finally, Sanford C. Bernstein raised Dollar Tree from a “market perform” rating to an “outperform” rating and set a $85.44 price target for the company in a report on Friday, December 14th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $99.82.
Shares of NASDAQ:DLTR traded down $0.04 during mid-day trading on Monday, reaching $97.61. 6,906 shares of the stock were exchanged, compared to its average volume of 2,080,040. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22. The company has a market cap of $23.30 billion, a PE ratio of 20.07, a PEG ratio of 1.23 and a beta of 0.46. Dollar Tree has a one year low of $78.78 and a one year high of $109.57.
A number of hedge funds and other institutional investors have recently made changes to their positions in DLTR. Oregon Public Employees Retirement Fund increased its stake in shares of Dollar Tree by 8,821.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock valued at $26,000 after purchasing an additional 2,301,814 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Dollar Tree in the 4th quarter valued at $31,000. Evolution Wealth Advisors LLC bought a new position in shares of Dollar Tree in the 4th quarter valued at $43,000. Lindbrook Capital LLC bought a new position in shares of Dollar Tree in the 4th quarter valued at $43,000. Finally, Clean Yield Group bought a new position in shares of Dollar Tree in the 4th quarter valued at $45,000. 92.24% of the stock is 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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