Dollar Tree’s (DLTR) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Dollar Tree (NASDAQ:DLTR) in a report published on Thursday,Benzinga reports. They currently have a $75.00 price objective on the stock.

A number of other brokerages also recently weighed in on DLTR. Truist Financial upped their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Jefferies Financial Group upped their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Loop Capital lifted their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.79.

Dollar Tree Trading Down 0.2 %

Dollar Tree stock opened at $68.99 on Thursday. The company has a 50 day moving average price of $72.96 and a 200 day moving average price of $71.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $150.74. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of -14.46, a P/E/G ratio of 2.16 and a beta of 0.91.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Dollar Tree in the fourth quarter valued at about $8,315,000. Polar Asset Management Partners Inc. boosted its stake in Dollar Tree by 100.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company’s stock valued at $8,034,000 after purchasing an additional 53,600 shares during the period. Forum Financial Management LP acquired a new stake in Dollar Tree in the 4th quarter valued at approximately $340,000. USS Investment Management Ltd bought a new position in Dollar Tree in the 4th quarter worth approximately $2,877,000. Finally, Woodline Partners LP acquired a new position in shares of Dollar Tree during the fourth quarter worth approximately $910,000. 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.