Zacks Investment Research Lowers Dollar Tree, Inc. (NASDAQ:DLTR) to Hold

Zacks Investment Research cut shares of Dollar Tree, Inc. (NASDAQ:DLTR) from a buy rating to a hold rating in a research note published on Tuesday, October 31st.

According to Zacks, “Dollar Tree has been gaining from the integration of Family Dollar, which is contributing significantly to the company’s results. This has helped the stock to surpass the industry year to date. In second quarter fiscal 2017, the company achieved comps growth for the 38th straight time, while both top and bottom line grew year over year and topped the Zacks Consensus mark. Apart from solid performance at stores, growth of the company’s online business – Dollar Tree Direct also fueled results. Reduced merchandise and freight costs, alongside lower markdowns also boosted margins. Based on these results and expected benefits from Family Dollar, management remains confident of the second half. Consequently, it raised fiscal 2017 view. However, volatile consumer behavior remains a concern for Dollar Tree. Also, significant global exposure may pose threats. Estimates have been stable lately ahead of the third quarter earnings release.”

Several other analysts also recently commented on DLTR. Bank of America Corporation began coverage on shares of Dollar Tree in a report on Friday, August 25th. They issued a buy rating and a $91.00 price objective on the stock. Deutsche Bank AG reaffirmed a buy rating and issued a $98.00 price objective (up from $95.00) on shares of Dollar Tree in a report on Thursday, August 24th. BTIG Research reaffirmed a buy rating and issued a $98.00 price objective on shares of Dollar Tree in a report on Wednesday, August 23rd. Loop Capital reissued a buy rating and set a $86.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Buckingham Research reissued a buy rating and set a $87.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Dollar Tree has an average rating of Buy and a consensus target price of $93.00.

Shares of Dollar Tree (DLTR) opened at $94.61 on Tuesday. Dollar Tree has a 52-week low of $65.63 and a 52-week high of $95.64. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43. The stock has a market cap of $22,407.88, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. equities research analysts anticipate that Dollar Tree will post 4.66 earnings per share for the current year.

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In related news, Chairman Macon F. Brock, Jr. sold 150,000 shares of Dollar Tree stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total value of $13,669,500.00. Following the transaction, the chairman now directly owns 1,128,795 shares in the company, valued at approximately $102,867,088.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the transaction, the insider now owns 34,532 shares in the company, valued at $2,917,954. The disclosure for this sale can be found here. Insiders sold a total of 251,449 shares of company stock worth $22,808,837 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of DLTR. Waldron LP purchased a new stake in shares of Dollar Tree in the 1st quarter worth about $203,000. Dimensional Fund Advisors LP boosted its position in shares of Dollar Tree by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the company’s stock worth $65,677,000 after buying an additional 78,642 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Dollar Tree by 32.6% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,774 shares of the company’s stock valued at $296,000 after purchasing an additional 927 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its stake in Dollar Tree by 56.6% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 10,925 shares of the company’s stock valued at $857,000 after purchasing an additional 3,950 shares during the last quarter. Finally, Bfsg LLC acquired a new position in Dollar Tree in the 1st quarter valued at about $1,334,000. Institutional investors own 94.81% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

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