Dollar Tree (NASDAQ:DLTR) Upgraded at KeyCorp

KeyCorp upgraded shares of Dollar Tree (NASDAQ:DLTR) from a sector weight rating to an overweight rating in a report released on Wednesday morning, Marketbeat reports. They currently have $150.00 target price on the stock. KeyCorp also issued estimates for Dollar Tree’s Q1 2025 earnings at $1.47 EPS, Q2 2025 earnings at $1.18 EPS, Q3 2025 earnings at $1.43 EPS, Q4 2025 earnings at $2.88 EPS, FY2025 earnings at $6.95 EPS and FY2026 earnings at $8.25 EPS.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets decreased their price objective on Dollar Tree from $170.00 to $160.00 and set an outperform rating for the company in a report on Thursday, March 14th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar Tree from $144.00 to $152.00 and gave the company an overweight rating in a report on Monday, April 15th. Jefferies Financial Group reduced their target price on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. Evercore ISI lowered their price target on shares of Dollar Tree from $144.00 to $142.00 and set an in-line rating on the stock in a research note on Tuesday, April 16th. Finally, Gordon Haskett downgraded shares of Dollar Tree from a buy rating to a hold rating and reduced their price objective for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree has an average rating of Moderate Buy and a consensus price target of $150.05.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $120.73 on Wednesday. Dollar Tree has a 12 month low of $102.77 and a 12 month high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $26.32 billion, a PE ratio of -26.13, a PEG ratio of 1.13 and a beta of 0.92. The stock’s fifty day simple moving average is $131.52 and its 200 day simple moving average is $129.32.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Dollar Tree’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, research analysts predict that Dollar Tree will post 6.92 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Dollar Tree

Several hedge funds have recently modified their holdings of DLTR. Capital International Investors increased its position in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares during the period. Norges Bank acquired a new stake in Dollar Tree in the fourth quarter valued at $333,373,000. FIL Ltd raised its position in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Dollar Tree by 139.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock valued at $134,202,000 after purchasing an additional 734,229 shares during the period. Finally, Mondrian Investment Partners LTD lifted its stake in shares of Dollar Tree by 358.8% in the 3rd quarter. Mondrian Investment Partners LTD now owns 828,322 shares of the company’s stock valued at $88,175,000 after purchasing an additional 647,800 shares during the period. 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.