Dollar Tree, Inc. (NASDAQ:DLTR) Receives $85.58 Average Price Target from Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the company, MarketBeat reports. Sixteen investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $85.58.

Several research firms have recently commented on DLTR. Telsey Advisory Group restated a “market perform” rating and issued a $75.00 price objective on shares of Dollar Tree in a research note on Friday, December 20th. Piper Sandler reissued a “neutral” rating and set a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Guggenheim cut their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Finally, Loop Capital increased their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th.

Institutional Investors Weigh In On Dollar Tree

A number of hedge funds have recently made changes to their positions in DLTR. Inspire Investing LLC increased its stake in Dollar Tree by 62.6% in the 3rd quarter. Inspire Investing LLC now owns 4,024 shares of the company’s stock worth $283,000 after acquiring an additional 1,549 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Dollar Tree during the 3rd quarter valued at approximately $218,000. Creative Planning grew its holdings in shares of Dollar Tree by 8.6% in the third quarter. Creative Planning now owns 24,673 shares of the company’s stock valued at $1,646,000 after purchasing an additional 1,959 shares in the last quarter. NBC Securities Inc. increased its position in Dollar Tree by 82.4% in the third quarter. NBC Securities Inc. now owns 2,688 shares of the company’s stock worth $189,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its stake in Dollar Tree by 50.8% during the third quarter. Vontobel Holding Ltd. now owns 8,972 shares of the company’s stock valued at $631,000 after purchasing an additional 3,023 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Up 0.9 %

Shares of NASDAQ:DLTR opened at $76.29 on Friday. The stock’s 50-day simple moving average is $73.04 and its two-hundred day simple moving average is $73.94. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of -15.99, a PEG ratio of 2.11 and a beta of 0.89. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Dollar Tree will post 5.39 EPS for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company 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, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, 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.