Dollar Tree (NASDAQ:DLTR) Price Target Cut to $95.00 by Analysts at UBS Group

Dollar Tree (NASDAQ:DLTR) had its price objective reduced by investment analysts at UBS Group from $105.00 to $95.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 46.15% from the company’s previous close.

Several other brokerages also recently weighed in on DLTR. Jefferies Financial Group boosted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Guggenheim reduced their price target on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Citigroup lifted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Piper Sandler reissued a “neutral” rating and issued a $72.00 target price (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Finally, Truist Financial lifted their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $84.26.

Dollar Tree Stock Up 0.6 %

NASDAQ:DLTR traded up $0.41 during midday trading on Friday, reaching $65.00. The company had a trading volume of 1,169,026 shares, compared to its average volume of 3,356,594. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $137.14. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of -13.61, a PEG ratio of 2.16 and a beta of 0.91. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $71.27 and its 200-day simple moving average is $70.28.

Institutional Trading of Dollar Tree

Hedge funds have recently modified their holdings of the business. Kovitz Investment Group Partners LLC lifted its holdings in Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock valued at $488,974,000 after acquiring an additional 5,173,238 shares during the period. Marshall Wace LLP increased its holdings in shares of Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock valued at $328,040,000 after purchasing an additional 3,882,324 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Dollar Tree by 2,489.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company’s stock valued at $196,452,000 after purchasing an additional 2,520,237 shares during the period. Norges Bank purchased a new stake in Dollar Tree during the fourth quarter worth about $171,149,000. Finally, Capital International Investors grew its position in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after buying an additional 2,023,819 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

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.