Telsey Advisory Group Forecasts Strong Price Appreciation for Dollar Tree (NASDAQ:DLTR) Stock

Dollar Tree (NASDAQ:DLTR) had its target price lifted by Telsey Advisory Group from $75.00 to $82.00 in a research report sent to investors on Thursday, MarketBeat.com reports. Telsey Advisory Group currently has a market perform rating on the stock.

Other analysts have also issued research reports about the company. Guggenheim decreased their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Evercore ISI dropped their target price on shares of 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. Jefferies Financial Group boosted their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.68.

Dollar Tree Trading Up 11.2 %

Shares of DLTR stock opened at $76.95 on Thursday. The firm has a fifty day moving average of $71.15 and a 200-day moving average of $70.18. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of -16.13, a P/E/G ratio of 2.16 and a beta of 0.91. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $137.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $2.55 EPS. On average, equities research analysts forecast that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Institutional Trading of Dollar Tree

A number of institutional investors have recently bought and sold shares of DLTR. Assetmark Inc. boosted its position in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Dollar Tree by 20.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after buying an additional 157 shares during the period. Checchi Capital Advisers LLC boosted its holdings in Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock worth $254,000 after buying an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Dollar Tree by 91.3% during the 4th 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. Finally, Metis Global Partners LLC increased its stake in shares of Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock valued at $508,000 after acquiring an additional 220 shares during the last quarter. 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.