Dollar Tree (NASDAQ:DLTR – Get Free Report)‘s stock had its “market perform” rating reaffirmed by investment analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They presently have a $75.00 price objective on the stock. Telsey Advisory Group’s target price suggests a potential upside of 2.82% from the company’s previous close.
Several other research firms have also issued reports on DLTR. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. UBS Group decreased their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group increased their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.58.
Check Out Our Latest Analysis on DLTR
Dollar Tree Trading Up 5.6 %
Dollar Tree (NASDAQ:DLTR – Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts predict that Dollar Tree will post 5.39 earnings per share for the current fiscal year.
Institutional Trading of Dollar Tree
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of Dollar Tree by 0.6% during the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company’s stock valued at $16,346,000 after acquiring an additional 1,485 shares in the last quarter. Tidal Investments LLC increased its stake in Dollar Tree by 193.1% during the 3rd quarter. Tidal Investments LLC now owns 20,130 shares of the company’s stock valued at $1,416,000 after purchasing an additional 13,263 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Dollar Tree by 37.6% in the third quarter. Sanctuary Advisors LLC now owns 10,041 shares of the company’s stock worth $667,000 after buying an additional 2,745 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after buying an additional 554 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Dollar Tree by 59.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,718 shares of the company’s stock worth $3,004,000 after buying an additional 15,875 shares in the last quarter. Hedge funds and other institutional investors 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.
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