Dollar Tree (NASDAQ:DLTR) Given New $82.00 Price Target at Telsey Advisory Group

Dollar Tree (NASDAQ:DLTR) had its price target lifted by Telsey Advisory Group from $75.00 to $82.00 in a research report sent to investors on Thursday, Marketbeat reports. They currently have a market perform rating on the stock.

Several other brokerages have also recently commented on DLTR. UBS Group decreased their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Evercore ISI decreased their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Truist Financial dropped their target price on Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday. BMO Capital Markets raised their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Finally, StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.68.

Dollar Tree Trading Up 11.2 %

Shares of DLTR opened at $76.95 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $137.14. The stock has a market capitalization of $16.54 billion, a P/E ratio of -16.13, a P/E/G ratio of 2.16 and a beta of 0.91. The business’s 50-day moving average price is $71.15 and its 200 day moving average price is $70.18.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the business earned $2.55 earnings per share. The business’s revenue was up .7% on a year-over-year basis. Analysts expect that Dollar Tree will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Dollar Tree

Several large investors have recently made changes to their positions in the business. Bessemer Group Inc. lifted its holdings in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after buying an additional 346 shares during the last quarter. Assetmark Inc. boosted its holdings in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares during the period. Versant Capital Management Inc acquired a new stake in Dollar Tree in the 4th quarter worth $30,000. Parkside Financial Bank & Trust increased its holdings in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.