Deutsche Bank Aktiengesellschaft Increases Dollar Tree (NASDAQ:DLTR) Price Target to $194.00

Dollar Tree (NASDAQ:DLTRGet Rating) had its price target raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $163.00 to $194.00 in a research note issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 29.21% from the stock’s previous close.

DLTR has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price objective on Dollar Tree from $171.00 to $176.00 and gave the company an “overweight” rating in a research note on Tuesday, September 6th. Telsey Advisory Group decreased their price objective on shares of Dollar Tree from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, August 26th. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $190.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, August 26th. TheStreet raised shares of Dollar Tree from a “c+” rating to a “b-” rating in a report on Monday, October 31st. Finally, OTR Global upgraded shares of Dollar Tree from a “mixed” rating to a “positive” rating in a research report on Wednesday, November 16th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Moderate Buy” and an average target price of $172.13.

Dollar Tree Price Performance

Dollar Tree stock opened at $150.14 on Wednesday. The firm has a market capitalization of $33.62 billion, a P/E ratio of 20.91, a PEG ratio of 1.34 and a beta of 0.73. Dollar Tree has a one year low of $123.62 and a one year high of $177.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 0.22. The business has a fifty day moving average price of $148.69 and a 200-day moving average price of $153.94.

Dollar Tree (NASDAQ:DLTRGet Rating) last issued its earnings results on Tuesday, November 22nd. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02. Dollar Tree had a return on equity of 19.82% and a net margin of 5.84%. The business had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar Tree will post 7.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Toroso Investments LLC grew its position in shares of Dollar Tree by 4.3% in the 3rd quarter. Toroso Investments LLC now owns 4,379 shares of the company’s stock worth $596,000 after buying an additional 181 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Dollar Tree during the 3rd quarter valued at about $9,536,000. Industrial Alliance Investment Management Inc. increased its position in shares of Dollar Tree by 3.1% during the third quarter. Industrial Alliance Investment Management Inc. now owns 16,347 shares of the company’s stock valued at $2,225,000 after buying an additional 488 shares during the period. National Pension Service raised its stake in Dollar Tree by 5.4% in the third quarter. National Pension Service now owns 516,413 shares of the company’s stock worth $70,666,000 after buying an additional 26,391 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in Dollar Tree by 21.8% during the 3rd quarter. Captrust Financial Advisors now owns 12,420 shares of the company’s stock valued at $1,690,000 after acquiring an additional 2,224 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About Dollar Tree

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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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