Brokerages Set Dollar Tree, Inc. (NASDAQ:DLTR) Price Target at $82.68

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned a consensus recommendation of “Hold” from the twenty ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $83.37.

DLTR has been the subject of several research reports. Evercore ISI boosted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday, March 27th. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the stock a “market perform” rating in a research report on Monday, May 5th. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Bank of America lowered their price target on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, April 8th. Finally, Telsey Advisory Group lifted their price objective on Dollar Tree from $82.00 to $95.00 and gave the stock a “market perform” rating in a report on Tuesday.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $90.36 on Friday. The firm has a market cap of $19.43 billion, a P/E ratio of -18.94, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $121.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $79.18 and a 200 day moving average of $73.86.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $2.55 EPS. As a group, research analysts expect that Dollar Tree will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar Tree

Several large investors have recently made changes to their positions in the company. Assetmark Inc. grew its holdings in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after buying an additional 149 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Dollar Tree by 34,600.0% during 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 last quarter. Brooklyn Investment Group grew its holdings in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Dollar Tree in the 1st quarter worth $30,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

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.