Dollar Tree (NASDAQ:DLTR) Price Target Raised to $75.00

Dollar Tree (NASDAQ:DLTR) had its target price increased by Jefferies Financial Group from $70.00 to $75.00 in a report issued on Wednesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other brokerages have also issued reports on DLTR. Citigroup cut their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, September 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Finally, StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Trading Down 1.0 %

Shares of Dollar Tree stock opened at $71.87 on Wednesday. The business has a fifty day simple moving average of $67.58 and a 200-day simple moving average of $87.46. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of -15.07, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92. 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 (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. On average, equities analysts forecast that Dollar Tree will post 5.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC increased its holdings in shares of Dollar Tree by 193.1% during the 3rd quarter. Tidal Investments LLC now owns 20,130 shares of the company’s stock valued at $1,416,000 after acquiring an additional 13,263 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Dollar Tree by 37.6% during the third quarter. Sanctuary Advisors LLC now owns 10,041 shares of the company’s stock worth $667,000 after purchasing an additional 2,745 shares during the period. Sunbelt Securities Inc. grew its holdings in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 554 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Dollar Tree by 59.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,718 shares of the company’s stock valued at $3,004,000 after purchasing an additional 15,875 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of Dollar Tree by 14.2% in the third quarter. MML Investors Services LLC now owns 13,220 shares of the company’s stock worth $930,000 after buying an additional 1,644 shares during the last quarter. 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.