Dollar Tree, Inc. (NASDAQ:DLTR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) have been assigned an average rating of “Moderate Buy” from the nineteen research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $163.47.

A number of equities research analysts recently issued reports on the company. Piper Sandler reduced their price target on Dollar Tree from $191.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, August 26th. Morgan Stanley cut their target price on Dollar Tree from $160.00 to $145.00 and set an “equal weight” rating for the company in a research note on Friday, August 26th. Barclays upped their target price on Dollar Tree from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 27th. Telsey Advisory Group cut their target price on Dollar Tree from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, August 26th. Finally, StockNews.com cut Dollar Tree from a “buy” rating to a “hold” rating in a research note on Friday, August 26th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DLTR. Ellevest Inc. raised its position in Dollar Tree by 452.8% during the 2nd quarter. Ellevest Inc. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 163 shares during the last quarter. Karlinski Andrew C bought a new position in Dollar Tree during the 1st quarter worth $32,000. Providence Capital Advisors LLC raised its position in Dollar Tree by 95.2% during the 1st quarter. Providence Capital Advisors LLC now owns 203 shares of the company’s stock worth $33,000 after purchasing an additional 99 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in Dollar Tree by 517.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 216 shares of the company’s stock worth $34,000 after purchasing an additional 181 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Dollar Tree by 372.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 227 shares of the company’s stock worth $36,000 after purchasing an additional 179 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Dollar Tree Trading Down 1.8 %

Shares of NASDAQ:DLTR opened at $139.33 on Friday. The company has a market capitalization of $31.20 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.24 and a beta of 0.74. Dollar Tree has a 1 year low of $84.26 and a 1 year high of $177.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.46 and a quick ratio of 0.22. The business’s 50 day simple moving average is $155.62 and its 200 day simple moving average is $157.42.

Dollar Tree (NASDAQ:DLTRGet Rating) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.01. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.80 billion. Dollar Tree had a return on equity of 19.83% and a net margin of 5.77%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. On average, research analysts anticipate that Dollar Tree will post 7.27 EPS for the current fiscal year.

About Dollar Tree

(Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal 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, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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