Dollar Tree (NASDAQ:DLTR) Receives New Coverage from Analysts at Truist

Equities researchers at Truist initiated coverage on shares of Dollar Tree (NASDAQ:DLTR) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.

A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Dollar Tree from a “sell” rating to a “hold” rating and set a $120.00 target price on the stock in a research report on Monday, November 15th. UBS Group raised their price target on shares of Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, November 15th. Telsey Advisory Group upgraded shares of Dollar Tree from a “market perform” rating to an “outperform” rating and raised their price target for the company from $132.00 to $175.00 in a report on Wednesday, November 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Dollar Tree from $148.00 to $171.00 and gave the company a “buy” rating in a report on Wednesday, November 24th. Finally, Morgan Stanley raised their price target on shares of Dollar Tree from $125.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, November 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $141.62.

DLTR stock opened at $130.81 on Thursday. The company has a market capitalization of $29.43 billion, a PE ratio of 22.10, a P/E/G ratio of 2.02 and a beta of 0.74. Dollar Tree has a 12 month low of $84.26 and a 12 month high of $149.37. The firm’s 50-day moving average is $135.33 and its 200 day moving average is $111.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.25 and a quick ratio of 0.25.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Tuesday, November 23rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.42 billion. Dollar Tree had a net margin of 5.29% and a return on equity of 19.02%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Sell-side analysts forecast that Dollar Tree will post 5.57 EPS for the current fiscal year.

Dollar Tree announced that its Board of Directors has approved a stock repurchase plan on Wednesday, September 29th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to purchase up to 11.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, insider David A. Jacobs sold 3,395 shares of Dollar Tree stock in a transaction that occurred on Thursday, January 6th. The shares were sold at an average price of $143.00, for a total transaction of $485,485.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William A. Old, Jr. sold 16,267 shares of Dollar Tree stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $125.46, for a total transaction of $2,040,857.82. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. Veracity Capital LLC increased its holdings in Dollar Tree by 4.0% in the 2nd quarter. Veracity Capital LLC now owns 2,547 shares of the company’s stock worth $253,000 after acquiring an additional 99 shares in the last quarter. Horrell Capital Management Inc. increased its holdings in Dollar Tree by 0.3% in the 3rd quarter. Horrell Capital Management Inc. now owns 29,497 shares of the company’s stock worth $2,823,000 after acquiring an additional 100 shares in the last quarter. Meitav Dash Investments Ltd. increased its holdings in Dollar Tree by 1.4% in the 3rd quarter. Meitav Dash Investments Ltd. now owns 7,200 shares of the company’s stock worth $714,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Dollar Tree by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock worth $3,667,000 after acquiring an additional 100 shares in the last quarter. Finally, Pointe Capital Management LLC increased its holdings in Dollar Tree by 3.9% in the 2nd quarter. Pointe Capital Management LLC now owns 2,821 shares of the company’s stock worth $281,000 after acquiring an additional 106 shares in the last quarter. 93.98% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

See Also: Discover Your Risk Tolerance

The Fly logo

Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.