Dollar Tree, Inc. (NASDAQ:DLTR) Receives $85.58 Average PT from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received an average rating of “Hold” from the twenty-one research firms that are presently covering the company, Marketbeat reports. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $85.58.

Several research firms have recently weighed in on DLTR. Jefferies Financial Group upped their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Citigroup upped their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. BMO Capital Markets lifted their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th.

Dollar Tree Trading Up 1.9 %

DLTR opened at $72.48 on Monday. The firm’s fifty day moving average is $71.51 and its two-hundred day moving average is $78.25. The firm has a market cap of $15.58 billion, a PE ratio of -15.19, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping 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 business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Dollar Tree will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently added to or reduced their stakes in DLTR. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree during the 4th quarter worth about $30,000. MassMutual Private Wealth & Trust FSB lifted its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares during the last quarter. Eastern Bank bought a new stake in shares of Dollar Tree during the third quarter worth approximately $34,000. First Horizon Advisors Inc. grew its position in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.