Dollar Tree, Inc. (NASDAQ:DLTR) Receives $92.53 Consensus Target Price from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been given an average rating of “Hold” by the eighteen research firms that are covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $92.53.

DLTR has been the subject of several recent analyst reports. KeyCorp decreased their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Truist Financial decreased their price target on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Piper Sandler decreased their price target on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley reduced their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $111.00 to $70.00 in a research note on Wednesday, September 4th.

Dollar Tree Stock Performance

Shares of DLTR opened at $73.88 on Tuesday. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of -16.10, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. The company’s fifty day moving average is $91.43 and its 200-day moving average is $110.39. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree has a 12 month low of $60.81 and a 12 month high of $151.21.

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

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree 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 transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Dollar Tree

Hedge funds have recently bought and sold shares of the company. Capital World Investors lifted its stake in Dollar Tree by 2.8% in the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after buying an additional 487,180 shares in the last quarter. Capital International Investors lifted its position in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after buying an additional 2,445,827 shares in the last quarter. FIL Ltd raised its holdings in Dollar Tree by 96.0% during the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Dollar Tree by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after purchasing an additional 957,275 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.