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

Dollar Tree, Inc. (NASDAQ:DLTR) has been given a consensus recommendation of “Hold” by the nineteen brokerages that are covering the company, Marketbeat reports. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $88.00.

Several research analysts have recently issued reports on the company. Piper Sandler reduced their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley decreased their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Evercore ISI lowered their price target on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. Guggenheim reduced their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Finally, Barclays decreased their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th.

Dollar Tree Price Performance

Shares of DLTR stock opened at $68.20 on Friday. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of -14.86, a PEG ratio of 2.95 and a beta of 0.86. Dollar Tree has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $77.77 and a 200 day moving average price of $100.81.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts expect that Dollar Tree will post 5.33 EPS for the current year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now owns 9,823 shares in the company, valued at $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Dollar Tree

Hedge funds have recently made changes to their positions in the business. FIL Ltd increased its stake in Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after buying an additional 1,566,392 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Dollar Tree by 92.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after acquiring an additional 70,478 shares during the last quarter. Wellington Management Group LLP raised its holdings in Dollar Tree by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after acquiring an additional 73,588 shares in the last quarter. Wahed Invest LLC boosted its position in Dollar Tree by 4.8% during the fourth quarter. Wahed Invest LLC now owns 3,453 shares of the company’s stock valued at $490,000 after purchasing an additional 157 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new position in Dollar Tree in the first quarter valued at approximately $17,181,000. 97.40% of the stock is owned by 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.