Brokerages Set Dollar Tree, Inc. (NASDAQ:DLTR) Price Target at $150.05

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $150.05.

DLTR has been the topic of several research reports. Piper Sandler cut their target price on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. BMO Capital Markets cut their price objective on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Guggenheim raised their price objective on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th.

Dollar Tree Price Performance

DLTR stock opened at $121.69 on Friday. Dollar Tree has a 52-week low of $102.77 and a 52-week high of $161.10. The stock’s fifty day simple moving average is $135.65 and its 200-day simple moving average is $128.79. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $26.53 billion, a price-to-earnings ratio of -26.34, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $2.04 earnings per share. Equities research analysts expect that Dollar Tree will post 6.91 EPS for the current year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Dollar Tree

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors raised its holdings in shares of Dollar Tree by 2.8% during the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after buying an additional 487,180 shares during the last quarter. Capital International Investors raised its holdings in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after purchasing an additional 2,445,827 shares in the last quarter. FIL Ltd raised its holdings in Dollar Tree by 96.0% during the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after buying an additional 73,588 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Dollar Tree by 15.3% in the fourth quarter. Franklin Resources Inc. now owns 2,565,533 shares of the company’s stock valued at $364,434,000 after buying an additional 340,461 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.