Brokerages Set Dollar Tree, Inc. (NASDAQ:DLTR) Target Price at $85.58

Dollar Tree, Inc. (NASDAQ:DLTR) has earned a consensus rating of “Hold” from the twenty-one analysts that are covering the firm, Marketbeat Ratings reports. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $85.58.

Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Friday, December 20th. Loop Capital raised their target price on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Hedge Funds Weigh In On Dollar Tree

Several large investors have recently modified their holdings of DLTR. Versant Capital Management Inc acquired a new stake in Dollar Tree in the fourth quarter valued at $30,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Dollar Tree by 91.3% in the 4th 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 during the last quarter. Eastern Bank acquired a new stake in shares of Dollar Tree in the third quarter valued at about $34,000. First Horizon Advisors Inc. raised its position in shares of Dollar Tree by 105.6% during 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 during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 554 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $72.48 on Monday. The firm has a 50-day moving average price of $71.51 and a two-hundred day moving average price of $78.25. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a market capitalization of $15.58 billion, a P/E ratio of -15.19, a P/E/G ratio of 2.29 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. Analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current year.

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.