Analysts Set Dollar Tree, Inc. (NASDAQ:DLTR) Price Target at $85.58

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned a consensus rating of “Hold” from the twenty-one research firms that are presently covering the stock, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $85.58.

DLTR has been the topic of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Guggenheim cut their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Telsey Advisory Group restated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th.

Dollar Tree Stock Up 1.9 %

Shares of NASDAQ:DLTR opened at $72.48 on Monday. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm’s 50 day moving average price is $71.67 and its 200 day moving average price is $77.83. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of -15.19, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DLTR. Empower Advisory Group LLC increased its position in Dollar Tree by 41.3% during the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after purchasing an additional 192,754 shares during the period. Farther Finance Advisors LLC grew its holdings in Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after acquiring an additional 1,797 shares during the period. Equity Investment Corp raised its position in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares in the last quarter. Forest Avenue Capital Management LP purchased a new position in Dollar Tree in the third quarter worth $19,591,000. Finally, Anthracite Investment Company Inc. acquired a new stake in Dollar Tree in the third quarter valued at $2,813,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.