Dollar Tree, Inc. (NASDAQ:DLTR) Receives $85.58 Average Price Target from Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been given an average rating of “Hold” by the twenty-one ratings firms that are currently covering the firm, MarketBeat reports. Sixteen research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $85.58.

DLTR has been the topic of a number of research analyst reports. Citigroup upped their target price on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Evercore ISI cut their price target on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sanford C. Bernstein began coverage on Dollar Tree in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price target for the company. Finally, Truist Financial lifted their price objective on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th.

Institutional Trading of Dollar Tree

Several hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its holdings in shares of Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after buying an additional 346 shares during the period. Assetmark Inc. increased its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust raised its stake in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after acquiring an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Trading Up 4.1 %

Shares of NASDAQ DLTR opened at $74.52 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $151.21. The company’s fifty day moving average is $72.82 and its 200-day moving average is $74.09. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of -15.62, a P/E/G ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts predict that Dollar Tree will post 5.39 EPS for the current year.

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.