Dollar Tree, Inc. (NASDAQ:DLTR) Receives $87.95 Average Price Target from Analysts

Dollar Tree, Inc. (NASDAQ:DLTR) has received a consensus recommendation of “Hold” from the twenty analysts that are presently covering the stock, Marketbeat.com reports. Fifteen research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $87.53.

Several analysts have weighed in on the company. Piper Sandler lowered their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Morgan Stanley cut their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Barclays decreased their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Melius Research began coverage on Dollar Tree in a report on Monday, September 23rd. They set a “hold” rating and a $70.00 price target on the stock. Finally, Citigroup decreased their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

A number of large investors have recently made changes to their positions in the business. Mather Group LLC. grew its stake in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar Tree in the 2nd quarter valued at $37,000. Blue Trust Inc. raised its stake in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 274 shares during the last quarter. Eastern Bank acquired a new position in shares of Dollar Tree in the third quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Dollar Tree by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Down 0.5 %

Shares of DLTR opened at $72.48 on Friday. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The stock has a 50 day simple moving average of $67.52 and a two-hundred day simple moving average of $87.66. The firm has a market cap of $15.58 billion, a P/E ratio of -14.85, a P/E/G ratio of 2.88 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, analysts forecast that Dollar Tree will post 5.35 earnings per share for the current fiscal year.

About Dollar Tree

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.