Loop Capital Forecasts Strong Price Appreciation for Dollar Tree (NASDAQ:DLTR) Stock

Dollar Tree (NASDAQ:DLTR) had its price objective hoisted by Loop Capital from $65.00 to $75.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Loop Capital’s target price points to a potential upside of 4.36% from the stock’s previous close.

DLTR has been the subject of several other research reports. StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Piper Sandler reissued a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday. Wells Fargo & Company decreased their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Guggenheim dropped their price target on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Finally, Jefferies Financial Group boosted their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Trading Down 1.0 %

NASDAQ:DLTR opened at $71.87 on Thursday. Dollar Tree has a 1 year low of $60.49 and a 1 year high of $151.21. The stock’s fifty day moving average price is $67.58 and its two-hundred day moving average price is $87.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The company has a market cap of $15.45 billion, a P/E ratio of -15.07, a P/E/G ratio of 2.87 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts expect that Dollar Tree will post 5.35 EPS for the current year.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors have recently bought and sold shares of DLTR. State Street Corp lifted its position in Dollar Tree by 6.8% in the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares during the last quarter. EdgePoint Investment Group Inc. raised its holdings in Dollar Tree by 0.5% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after buying an additional 35,862 shares during the last quarter. Primecap Management Co. CA boosted its position in Dollar Tree by 5.5% during the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after buying an additional 158,385 shares during the period. Dimensional Fund Advisors LP grew its holdings in Dollar Tree by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock worth $266,124,000 after acquiring an additional 138,042 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Dollar Tree by 6.6% in the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after acquiring an additional 124,021 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

About Dollar Tree

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.