Dollar Tree, Inc. (NASDAQ:DLTR) Receives $123.24 Average Price Target from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received an average recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $123.2381.

A number of equities analysts have commented on DLTR shares. Wells Fargo & Company increased their target price on Dollar Tree from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, December 19th. BNP Paribas Exane lowered Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price target on the stock. in a research note on Wednesday, January 21st. Truist Financial dropped their price target on Dollar Tree from $156.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Sanford C. Bernstein increased their price objective on Dollar Tree from $123.00 to $124.00 and gave the company a “market perform” rating in a research note on Tuesday, March 17th. Finally, BTIG Research restated a “neutral” rating on shares of Dollar Tree in a report on Monday, March 9th.

Hedge Funds Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC boosted its position in Dollar Tree by 23.4% during the fourth quarter. Corient Private Wealth LLC now owns 24,608 shares of the company’s stock worth $3,027,000 after acquiring an additional 4,666 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Dollar Tree in the 4th quarter worth approximately $45,000. Bayban purchased a new position in Dollar Tree in the 4th quarter worth approximately $49,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Dollar Tree during the 4th quarter worth approximately $1,230,000. Finally, Reflection Asset Management acquired a new position in shares of Dollar Tree during the 4th quarter worth approximately $25,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 1.0%

Shares of NASDAQ DLTR opened at $107.00 on Friday. The firm has a market cap of $21.11 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The company’s 50-day simple moving average is $120.43 and its 200-day simple moving average is $112.87. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. Dollar Tree has a 52-week low of $61.87 and a 52-week high of $142.40.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Monday, March 16th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.03. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 EPS. Equities analysts predict that Dollar Tree will post 5.39 EPS for the current fiscal year.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.