Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Rating of “Hold” by Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have received a consensus rating of “Hold” from the twenty-one analysts that are covering the firm, MarketBeat reports. Sixteen investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $85.58.

Several analysts have issued reports on DLTR shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a report on Friday, December 20th. Truist Financial upped their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Loop Capital upped their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Citigroup lifted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $72.48 on Monday. The business has a 50 day moving average price of $71.67 and a 200 day moving average price of $77.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a market capitalization of $15.58 billion, a P/E ratio of -15.19, a PEG ratio of 2.29 and a beta of 0.90. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter last year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that Dollar Tree will post 5.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in shares of Dollar Tree in the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB lifted its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares in the last quarter. Eastern Bank purchased a new stake in Dollar Tree during the third quarter worth approximately $34,000. First Horizon Advisors Inc. increased its position in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after acquiring an additional 554 shares during the period. Hedge funds and other institutional investors 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.