Dollar Tree, Inc. (NASDAQ:DLTR) Receives $150.05 Average PT from Analysts

Dollar Tree, Inc. (NASDAQ:DLTR) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $150.05.

Several equities research analysts recently commented on DLTR shares. Truist Financial reduced their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, March 14th. BMO Capital Markets reduced their price objective on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. Loop Capital reduced their price objective on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Guggenheim lifted their price objective on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a report on Thursday, March 14th.

Insider Activity at Dollar Tree

In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the purchase, 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 Securities & Exchange Commission, which is available at this link. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the purchase, 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 Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, 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 currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DLTR. Capital International Investors lifted its holdings in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after purchasing an additional 2,445,827 shares in the last quarter. Norges Bank purchased a new position in Dollar Tree in the 4th quarter worth approximately $333,373,000. FIL Ltd lifted its holdings in Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Dollar Tree by 139.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock worth $134,202,000 after purchasing an additional 734,229 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its holdings in Dollar Tree by 358.8% in the 3rd quarter. Mondrian Investment Partners LTD now owns 828,322 shares of the company’s stock worth $88,175,000 after purchasing an additional 647,800 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

DLTR opened at $121.74 on Friday. The stock has a 50-day moving average price of $134.11 and a 200-day moving average price of $128.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. The firm has a market cap of $26.54 billion, a PE ratio of -26.35, a P/E/G ratio of 1.15 and a beta of 0.90. Dollar Tree has a 1 year low of $102.77 and a 1 year high of $161.10.

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