Other research analysts have also recently issued research reports about the stock. Piper Sandler lifted their target price on shares of Dollar Tree from $181.00 to $191.00 in a research note on Friday, May 27th. Loop Capital upgraded shares of Dollar Tree from a hold rating to a buy rating and lifted their target price for the company from $140.00 to $200.00 in a research note on Wednesday, March 9th. JPMorgan Chase & Co. lifted their target price on shares of Dollar Tree from $169.00 to $181.00 and gave the company an overweight rating in a research note on Tuesday, February 22nd. BMO Capital Markets lifted their target price on shares of Dollar Tree from $180.00 to $187.00 in a research note on Friday, May 27th. Finally, Citigroup lifted their price target on shares of Dollar Tree from $162.00 to $190.00 and gave the company a buy rating in a report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of Moderate Buy and a consensus price target of $163.82.
Shares of Dollar Tree stock opened at $155.51 on Tuesday. The company’s fifty day simple moving average is $158.11 and its 200-day simple moving average is $148.38. The stock has a market capitalization of $34.92 billion, a PE ratio of 23.67, a P/E/G ratio of 1.24 and a beta of 0.70. Dollar Tree has a 1-year low of $84.26 and a 1-year high of $177.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.46 and a quick ratio of 0.35.
In other news, Director Daniel J. Heinrich purchased 425 shares of the company’s stock in a transaction that occurred on Monday, March 28th. The stock was purchased at an average cost of $156.09 per share, with a total value of $66,338.25. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David A. Jacobs sold 542 shares of Dollar Tree stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $157.94, for a total transaction of $85,603.48. Following the transaction, the insider now directly owns 17,085 shares of the company’s stock, valued at $2,698,404.90. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DLTR. Allworth Financial LP boosted its position in Dollar Tree by 629.6% in the 4th quarter. Allworth Financial LP now owns 197 shares of the company’s stock valued at $28,000 after buying an additional 170 shares during the period. Missouri Trust & Investment Co purchased a new stake in shares of Dollar Tree in the 4th quarter worth approximately $31,000. Hanson & Doremus Investment Management purchased a new stake in shares of Dollar Tree in the 4th quarter worth approximately $32,000. Covestor Ltd purchased a new stake in shares of Dollar Tree in the 4th quarter worth approximately $32,000. Finally, Karlinski Andrew C purchased a new stake in shares of Dollar Tree in the 1st quarter worth approximately $32,000. 98.54% of the stock is owned by institutional investors.
Dollar Tree Company Profile (Get Rating)
Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.
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