Dollar Tree, Inc. (NASDAQ:DLTR) – Stock analysts at KeyCorp raised their Q3 2020 earnings estimates for shares of Dollar Tree in a report issued on Thursday, May 30th, Zacks Investment Research reports. KeyCorp analyst B. Thomas now anticipates that the company will post earnings of $1.17 per share for the quarter, up from their previous forecast of $1.16. KeyCorp currently has a “Overweight” rating and a $115.00 target price on the stock.
Several other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Telsey Advisory Group raised shares of Dollar Tree from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $103.00 to $117.00 in a report on Wednesday, March 20th. BidaskClub lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Morgan Stanley lifted their price target on shares of Dollar Tree from $90.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets decreased their price target on shares of Dollar Tree from $105.00 to $102.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Dollar Tree currently has a consensus rating of “Buy” and a consensus price target of $104.24.
DLTR stock traded up $0.12 during mid-day trading on Monday, hitting $109.07. The stock had a trading volume of 1,389,339 shares, compared to its average volume of 2,271,104. The stock has a market capitalization of $25.85 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.17 and a beta of 0.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.07 and a quick ratio of 0.23. The stock’s fifty day moving average is $103.64. Dollar Tree has a 52 week low of $78.78 and a 52 week high of $113.38.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, May 30th. The company reported $1.14 EPS for the quarter, meeting the consensus estimate of $1.14. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.78 billion. During the same period last year, the firm earned $1.19 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Dollar Tree by 5.6% in the 1st quarter. BlackRock Inc. now owns 19,341,470 shares of the company’s stock worth $2,031,629,000 after purchasing an additional 1,024,134 shares during the period. Macquarie Group Ltd. lifted its position in shares of Dollar Tree by 15.4% in the 4th quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock worth $881,404,000 after purchasing an additional 1,303,200 shares during the period. Jackson Square Partners LLC lifted its position in shares of Dollar Tree by 55.9% in the 1st quarter. Jackson Square Partners LLC now owns 6,599,870 shares of the company’s stock worth $693,250,000 after purchasing an additional 2,367,545 shares during the period. Boston Partners lifted its position in shares of Dollar Tree by 4.9% in the 4th quarter. Boston Partners now owns 3,755,582 shares of the company’s stock worth $339,204,000 after purchasing an additional 175,027 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Dollar Tree by 50.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,330,523 shares of the company’s stock worth $300,813,000 after purchasing an additional 1,120,760 shares during the period. Hedge funds and other institutional investors own 94.49% of the company’s stock.
In related news, Director Thomas A. Saunders sold 14,530 shares of Dollar Tree stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $111.85, for a total transaction of $1,625,180.50. Following the sale, the director now directly owns 2,391,704 shares in the company, valued at approximately $267,512,092.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joshua R. Jewett sold 3,632 shares of Dollar Tree stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $101.67, for a total transaction of $369,265.44. Following the sale, the insider now owns 6,262 shares in the company, valued at $636,657.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,513 shares of company stock worth $9,681,825. 1.40% of the stock is owned by corporate insiders.
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.