Wells Fargo & Company Issues Positive Forecast for Dollar Tree (NASDAQ:DLTR) Stock Price

Dollar Tree (NASDAQ:DLTR) had its target price increased by Wells Fargo & Company from $85.00 to $90.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also issued reports on DLTR. Citigroup increased their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Jefferies Financial Group increased their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. decreased their price target on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. UBS Group dropped their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Evercore ISI boosted their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.68.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $75.34 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $136.02. The firm has a 50 day moving average of $71.26 and a 200-day moving average of $70.36. The company has a market cap of $16.20 billion, a price-to-earnings ratio of -15.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the business posted $2.55 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts forecast that Dollar Tree will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Dollar Tree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Townsquare Capital LLC raised its position in shares of Dollar Tree by 5.6% in the third quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock valued at $1,226,000 after purchasing an additional 931 shares during the period. Harber Asset Management LLC grew its stake in Dollar Tree by 174.4% in the 3rd quarter. Harber Asset Management LLC now owns 215,552 shares of the company’s stock valued at $15,158,000 after buying an additional 136,987 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Dollar Tree by 9.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after acquiring an additional 165,398 shares during the period. Investment Management Corp of Ontario lifted its position in shares of Dollar Tree by 42.4% during the third quarter. Investment Management Corp of Ontario now owns 6,719 shares of the company’s stock worth $472,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Intrepid Capital Management Inc. purchased a new stake in shares of Dollar Tree during the third quarter worth $933,000. Institutional investors 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.