Dollar Tree, Inc. (NASDAQ:DLTR) Receives $108.63 Average Price Target from Brokerages

Dollar Tree, Inc. (NASDAQ:DLTR) has been given a consensus recommendation of “Hold” by the twenty-two research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $108.6316.

Several brokerages recently commented on DLTR. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 price target on shares of Dollar Tree in a research report on Thursday, October 16th. BNP Paribas lowered shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Piper Sandler decreased their price target on shares of Dollar Tree from $112.00 to $108.00 and set a “neutral” rating on the stock in a research note on Thursday, September 4th. Wells Fargo & Company lowered their price target on shares of Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Dollar Tree in a report on Thursday, October 30th.

Dollar Tree Stock Performance

DLTR opened at $101.57 on Friday. The firm’s fifty day simple moving average is $97.49 and its two-hundred day simple moving average is $100.49. Dollar Tree has a 52-week low of $61.70 and a 52-week high of $118.06. The company has a market cap of $20.72 billion, a price-to-earnings ratio of -7.48, a PEG ratio of 1.75 and a beta of 0.86. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.39. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director directly owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Aflatooni sold 1,260 shares of Dollar Tree stock in a transaction on Friday, October 17th. The stock was sold at an average price of $94.70, for a total value of $119,322.00. Following the transaction, the insider owned 21,402 shares in the company, valued at approximately $2,026,769.40. This represents a 5.56% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DLTR. Vanguard Group Inc. raised its position in Dollar Tree by 1.7% in the first quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock valued at $1,789,648,000 after purchasing an additional 389,490 shares during the period. EdgePoint Investment Group Inc. increased its position in shares of Dollar Tree by 2.9% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,138,183 shares of the company’s stock worth $1,051,110,000 after purchasing an additional 312,382 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Dollar Tree by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock valued at $750,323,000 after buying an additional 74,230 shares during the period. State Street Corp raised its holdings in Dollar Tree by 3.5% in the 3rd quarter. State Street Corp now owns 9,421,856 shares of the company’s stock valued at $889,141,000 after buying an additional 319,938 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Dollar Tree by 69.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock valued at $439,025,000 after buying an additional 2,400,586 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.