Brokerages Set Dollar Tree, Inc. (NASDAQ:DLTR) Price Target at $142.45

Dollar Tree, Inc. (NASDAQ:DLTR) has received a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $142.45.

Several brokerages have commented on DLTR. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. KeyCorp raised shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective for the company in a report on Wednesday, May 1st. Wells Fargo & Company dropped their price objective on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Evercore ISI lifted their price objective on shares of Dollar Tree from $136.00 to $137.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Finally, Truist Financial dropped their price objective on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, June 6th.

Insider Transactions at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC bought a new position in Dollar Tree during the fourth quarter valued at approximately $26,000. United Community Bank bought a new position in Dollar Tree in the fourth quarter worth approximately $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree in the first quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Dollar Tree in the fourth quarter worth approximately $35,000. Finally, Mather Group LLC. raised its position in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 1.5 %

Shares of NASDAQ:DLTR opened at $102.48 on Thursday. The firm has a fifty day moving average price of $112.38 and a two-hundred day moving average price of $127.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. Dollar Tree has a one year low of $101.83 and a one year high of $154.96. The company has a market cap of $22.03 billion, a price-to-earnings ratio of -22.33, a PEG ratio of 1.15 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. During the same period last year, the firm earned $1.47 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Dollar Tree will post 6.63 EPS for the current fiscal year.

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.