Dollar Tree, Inc. (NASDAQ:DLTR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received an average rating of “Hold” from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $85.58.

Several research firms have weighed in on DLTR. Evercore ISI dropped their target price 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research report on Friday, December 20th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Citigroup lifted their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Truist Financial lifted their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th.

Dollar Tree Stock Up 0.4 %

Shares of NASDAQ:DLTR opened at $72.01 on Friday. The business has a 50-day moving average price of $72.84 and a 200 day moving average price of $74.96. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of -15.10, a PEG ratio of 2.11 and a beta of 0.89. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. Sell-side analysts expect that Dollar Tree will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Dollar Tree

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 149 shares during the period. Bessemer Group Inc. increased its position in 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 period. Versant Capital Management Inc acquired a new position in Dollar Tree during the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust increased its position in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the period. 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.