Brokerages Set Dollar Tree, Inc. (NASDAQ:DLTR) Price Target at $84.79

Dollar Tree, Inc. (NASDAQ:DLTR) has been given a consensus recommendation of “Hold” by the twenty research firms that are covering the company, MarketBeat.com reports. Fifteen research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $84.79.

DLTR has been the subject of a number of recent analyst reports. Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Piper Sandler reiterated a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Citigroup lifted their price target on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Loop Capital boosted their target price on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $66.00 on Tuesday. 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 has a fifty day moving average price of $72.16 and a 200 day moving average price of $71.19. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $137.14. The company has a market cap of $14.19 billion, a PE ratio of -13.84, a P/E/G ratio of 2.16 and a beta of 0.91.

Institutional Trading of Dollar Tree

Several institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Dollar Tree in the fourth quarter valued at about $8,315,000. Polar Asset Management Partners Inc. increased its stake in shares of Dollar Tree by 100.0% during the fourth quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company’s stock worth $8,034,000 after purchasing an additional 53,600 shares during the period. Forum Financial Management LP acquired a new stake in Dollar Tree during the fourth quarter worth approximately $340,000. USS Investment Management Ltd acquired a new stake in Dollar Tree during the fourth quarter worth approximately $2,877,000. Finally, Woodline Partners LP acquired a new stake in Dollar Tree during the fourth quarter worth approximately $910,000. Institutional investors and hedge funds 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.