Analysts Set Dollar Tree, Inc. (NASDAQ:DLTR) Target Price at $150.05

Dollar Tree, Inc. (NASDAQ:DLTR) has received a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $150.05.

DLTR has been the subject of several analyst reports. TheStreet cut shares of Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Guggenheim lifted their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. BMO Capital Markets dropped their price objective on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th. Loop Capital dropped their price objective on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a research note on Thursday, March 14th.

Insider Activity at Dollar Tree

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

Hedge Funds Weigh In On Dollar Tree

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLTR. Vontobel Holding Ltd. increased its position in Dollar Tree by 3.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 15,001 shares of the company’s stock valued at $1,597,000 after acquiring an additional 443 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in shares of Dollar Tree during the third quarter worth $210,000. AE Wealth Management LLC increased its position in shares of Dollar Tree by 7.7% during the third quarter. AE Wealth Management LLC now owns 10,782 shares of the company’s stock worth $1,148,000 after buying an additional 769 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Dollar Tree by 33.3% during the third quarter. Geneos Wealth Management Inc. now owns 400 shares of the company’s stock worth $43,000 after buying an additional 100 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Dollar Tree during the third quarter worth $203,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $121.69 on Friday. The firm has a 50-day moving average of $135.65 and a 200-day moving average of $128.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The stock has a market cap of $26.53 billion, a PE ratio of -26.34, a P/E/G ratio of 1.15 and a beta of 0.90. Dollar Tree has a 52-week low of $102.77 and a 52-week high of $161.10.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 EPS. On average, sell-side analysts anticipate that Dollar Tree will post 6.91 EPS for the current year.

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.