Dollar Tree, Inc. (NASDAQ:DLTR) Receives $92.53 Consensus PT from Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have earned an average recommendation of “Hold” from the nineteen analysts that are presently covering the company, Marketbeat reports. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $91.40.

A number of research firms have recently issued reports on DLTR. UBS Group reduced their price target on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Barclays decreased their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Melius Research started coverage on shares of Dollar Tree in a research note on Monday. They issued a “hold” rating and a $70.00 price target on the stock. Citigroup reduced their price objective on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday, September 5th.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently made changes to their positions in DLTR. Mount Yale Investment Advisors LLC boosted its stake in Dollar Tree by 4.9% during the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC increased its stake in Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock valued at $335,000 after acquiring an additional 96 shares during the period. Salomon & Ludwin LLC raised its position in Dollar Tree by 27.0% in the first quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after purchasing an additional 105 shares in the last quarter. Fiduciary Trust Co boosted its holdings in Dollar Tree by 1.0% during the fourth quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after purchasing an additional 109 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after purchasing an additional 110 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.0 %

Dollar Tree stock opened at $71.76 on Tuesday. Dollar Tree has a 52 week low of $60.81 and a 52 week high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of -15.63, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a 50 day moving average price of $90.08 and a 200 day moving average price of $108.77.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. Research analysts forecast that Dollar Tree will post 5.33 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.