Brokerages Set Dollar Tree, Inc. (NASDAQ:DLTR) PT at $85.58

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned an average rating of “Hold” from the twenty-one ratings firms that are covering the stock, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and five 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 $85.58.

A number of research firms have recently weighed in on DLTR. Truist Financial upped their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI dropped their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Piper Sandler reiterated a “neutral” rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Jefferies Financial Group increased their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Melius Research initiated coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price for the company.

Dollar Tree Trading Down 0.3 %

NASDAQ:DLTR opened at $75.99 on Thursday. The stock has a market cap of $16.34 billion, a PE ratio of -15.93, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock’s 50-day moving average is $68.46 and its two-hundred day moving average is $82.53.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. As a group, equities research analysts forecast that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new stake in shares of Dollar Tree during the second quarter valued at approximately $26,000. Eastern Bank acquired a new stake in Dollar Tree during the third quarter worth $34,000. First Horizon Advisors Inc. boosted its stake in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Dollar Tree in the 3rd quarter valued at $48,000. 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.