Dollar Tree, Inc. (NASDAQ:DLTR) Receives $150.75 Consensus PT from Analysts

Dollar Tree, Inc. (NASDAQ:DLTR) has earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $150.75.

Several research analysts recently issued reports on DLTR shares. Jefferies Financial Group cut their target price on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Piper Sandler dropped their price target on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Evercore ISI dropped their price target on Dollar Tree from $157.00 to $144.00 and set an “in-line” rating on the stock in a report on Thursday, March 14th. Guggenheim lifted their price target on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Loop Capital dropped their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 14th.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich bought 1,000 shares of Dollar Tree stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wahed Invest LLC boosted its holdings in shares of Dollar Tree by 4.8% in the 4th quarter. Wahed Invest LLC now owns 3,453 shares of the company’s stock worth $490,000 after purchasing an additional 157 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Dollar Tree in the 4th quarter worth about $26,000. Wellington Management Group LLP boosted its holdings in shares of Dollar Tree by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Dollar Tree by 92.6% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after acquiring an additional 70,478 shares during the last quarter. Finally, FIL Ltd lifted its stake in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after acquiring an additional 1,566,392 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Up 0.5 %

Shares of Dollar Tree stock opened at $133.15 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. Dollar Tree has a 52 week low of $102.77 and a 52 week high of $161.10. The stock has a 50 day moving average price of $138.01 and a two-hundred day moving average price of $126.14. The stock has a market capitalization of $29.02 billion, a PE ratio of -28.82, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same period last year, the business posted $2.04 EPS. The company’s revenue was up 11.9% on a year-over-year basis. As a group, equities analysts anticipate that Dollar Tree will post 6.92 earnings per share for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail 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.