Dollar Tree (NASDAQ:DLTR) Price Target Raised to $82.00

Dollar Tree (NASDAQ:DLTR) had its target price increased by analysts at Telsey Advisory Group from $75.00 to $82.00 in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 18.48% from the company’s current price.

Several other equities research analysts also recently commented on the company. Piper Sandler reiterated a “neutral” rating and set a $72.00 target price (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Evercore ISI cut their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. BMO Capital Markets upped their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Guggenheim decreased their price target 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, Citigroup upped their price objective on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.26.

Dollar Tree Stock Up 3.1 %

DLTR stock opened at $69.21 on Thursday. Dollar Tree has a one year low of $60.49 and a one year high of $137.14. The stock has a market capitalization of $14.88 billion, a P/E ratio of -14.51, a PEG ratio of 2.16 and a beta of 0.91. The company has a 50 day moving average price of $71.03 and a two-hundred day moving average price of $70.13. 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 issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $2.55 EPS. As a group, sell-side analysts expect that Dollar Tree will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Dollar Tree

Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its stake in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 346 shares during the period. Assetmark Inc. boosted its holdings in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the 4th quarter worth $30,000. Parkside Financial Bank & Trust boosted its stake in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

About Dollar Tree

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.