Dollar Tree (NASDAQ:DLTR) Shares Gap Up on Analyst Upgrade

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) gapped up prior to trading on Thursday after Telsey Advisory Group raised their price target on the stock from $75.00 to $82.00. The stock had previously closed at $69.21, but opened at $70.76. Telsey Advisory Group currently has a market perform rating on the stock. Dollar Tree shares last traded at $73.12, with a volume of 2,002,063 shares trading hands.

A number of other equities analysts have also recently issued reports on the company. UBS Group lowered their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. 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 report on Thursday, December 5th. Truist Financial dropped their price objective on Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday. Finally, BMO Capital Markets upped their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.26.

Institutional Trading of Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the business. Forest Avenue Capital Management LP acquired a new position in shares of Dollar Tree during the third quarter valued at about $19,591,000. Pzena Investment Management LLC acquired a new position in Dollar Tree during the 4th quarter valued at about $520,000. Empower Advisory Group LLC increased its holdings in Dollar Tree by 15.3% during the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after purchasing an additional 100,676 shares in the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $448,000. Finally, Entropy Technologies LP bought a new position in shares of Dollar Tree in the fourth quarter valued at approximately $2,173,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

The company has a 50-day moving average of $71.03 and a 200-day moving average of $70.13. The company has a market cap of $15.74 billion, a PE ratio of -15.33, a PEG ratio of 2.16 and a beta of 0.91. 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 (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the prior year, the firm earned $2.55 earnings per share. Dollar Tree’s revenue was up .7% compared to the same quarter last year. As a group, analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share 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.