Dollar Tree, Inc. (NASDAQ:DLTR) Receives $88.11 Average Price Target from Analysts

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned an average rating of “Hold” from the twenty analysts that are presently covering the stock, Marketbeat Ratings reports. Fifteen analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $88.11.

DLTR has been the subject of a number of research reports. Loop Capital downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Thursday, September 5th. BMO Capital Markets lowered Dollar Tree from an “outperform” rating to a “market perform” rating and cut their target price for the company from $130.00 to $68.00 in a research note on Thursday, September 5th. UBS Group decreased their price target 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. Melius Research started 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 on the stock. Finally, Citigroup decreased their price objective on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th.

Insider Buying and Selling

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Dollar Tree

Institutional investors and hedge funds have recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new stake in Dollar Tree during the 2nd quarter valued at $26,000. Mather Group LLC. raised its stake in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares in the last quarter. Eastern Bank bought a new stake in shares of Dollar Tree during the 3rd quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar Tree during the second quarter worth about $37,000. Finally, First Horizon Advisors Inc. boosted its stake in Dollar Tree by 105.6% in 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. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $61.41 on Wednesday. Dollar Tree has a 52 week low of $60.52 and a 52 week high of $151.21. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of -12.58, a P/E/G ratio of 2.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The business’s 50-day simple moving average is $68.87 and its 200-day simple moving average is $94.36.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Dollar Tree will post 5.33 earnings per share for the current fiscal 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.