Dollar Tree, Inc. (NASDAQ:DLTR) Receives $84.79 Consensus PT from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) have been assigned an average recommendation of “Hold” from the twenty research firms that are covering the firm, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $84.79.

Several research firms have commented on DLTR. Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research report on Thursday, March 6th. Guggenheim dropped their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Wells Fargo & Company dropped their target price on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, BMO Capital Markets lifted their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $64.56 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $13.88 billion, a PE ratio of -13.53, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $137.14. The stock’s 50-day simple moving average is $71.99 and its 200 day simple moving average is $70.80.

Institutional Investors Weigh In On Dollar Tree

Several institutional investors have recently bought and sold shares of the stock. Assetmark Inc. grew its holdings in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in Dollar Tree by 20.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after purchasing an additional 157 shares during the period. Checchi Capital Advisers LLC grew its stake in Dollar Tree by 5.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock valued at $254,000 after purchasing an additional 180 shares during the period. AM Squared Ltd grew its stake in Dollar Tree by 12.5% in the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after purchasing an additional 200 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in 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 purchasing an additional 210 shares during the period. Institutional investors own 97.40% of the company’s stock.

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.