Dollar Tree (NASDAQ:DLTR) Given “Market Perform” Rating at Telsey Advisory Group

Dollar Tree (NASDAQ:DLTR)‘s stock had its “market perform” rating restated by analysts at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They currently have a $75.00 target price on the stock. Telsey Advisory Group’s target price points to a potential upside of 2.82% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Citigroup upped their price objective on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. raised their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group dropped their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Price Performance

DLTR opened at $72.94 on Friday. The company’s 50-day simple moving average is $67.78 and its two-hundred day simple moving average is $83.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a market capitalization of $15.68 billion, a P/E ratio of -15.29, a P/E/G ratio of 2.28 and a beta of 0.92. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $151.21.

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

Institutional Trading of Dollar Tree

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in shares of Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. boosted its position in shares of Dollar Tree by 0.5% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after acquiring an additional 35,862 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of Dollar Tree by 5.5% in the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after purchasing an additional 158,385 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Dollar Tree by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock worth $266,124,000 after purchasing an additional 138,042 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Dollar Tree by 6.6% during the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after purchasing an additional 124,021 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.