Dollar Tree (NASDAQ:DLTR) Price Target Lowered to $95.00 at UBS Group

Dollar Tree (NASDAQ:DLTR) had its target price lowered by UBS Group from $105.00 to $95.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a research report on Thursday, March 6th. BMO Capital Markets upped their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Piper Sandler reissued a “neutral” rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, Loop Capital increased their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $84.26.

Dollar Tree Price Performance

DLTR opened at $66.75 on Friday. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $137.14. The company has a 50 day moving average of $71.15 and a two-hundred day moving average of $70.12. The company has a market cap of $14.35 billion, a P/E ratio of -13.99, 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.

Institutional Trading of Dollar Tree

Institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. increased its stake in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after buying an additional 346 shares during the period. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the 4th quarter valued at about $30,000. Parkside Financial Bank & Trust grew its position in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake 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 acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Company Profile

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.