Dollar Tree (NASDAQ:DLTR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Dollar Tree (NASDAQ:DLTR) had its price target hoisted by analysts at Wells Fargo & Company from $85.00 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 26.26% from the stock’s current price.

DLTR has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their price target on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Truist Financial cut their target price on Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Evercore ISI lifted their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research report on Thursday, March 27th. Finally, BMO Capital Markets boosted their target price 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. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $84.11.

Dollar Tree Trading Down 8.1 %

DLTR traded down $6.29 during trading on Tuesday, reaching $71.28. 9,482,814 shares of the stock traded hands, compared to its average volume of 3,905,252. The stock has a market capitalization of $15.33 billion, a PE ratio of -14.94, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average is $71.37 and its 200 day moving average is $70.41. Dollar Tree has a 12 month low of $60.49 and a 12 month high of $135.94.

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

Hedge Funds Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after buying an additional 163,368 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Dollar Tree by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock valued at $743,461,000 after purchasing an additional 533,920 shares in the last quarter. State Street Corp increased its holdings in shares of 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. Capital International Investors lifted its position in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after buying an additional 2,023,819 shares in the last quarter. Finally, EdgePoint Investment Group Inc. grew its holdings in Dollar Tree by 14.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock valued at $595,036,000 after buying an additional 1,000,637 shares in the last quarter. Hedge funds and other 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.