Dollar Tree (NASDAQ:DLTR) Earns Market Perform Rating from Telsey Advisory Group

Dollar Tree (NASDAQ:DLTR)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $75.00 target price on the stock. Telsey Advisory Group’s price target points to a potential upside of 3.36% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Loop Capital downgraded Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Thursday, September 5th. Truist Financial cut their price target on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Barclays cut their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Finally, Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $86.63.

Dollar Tree Trading Down 1.7 %

NASDAQ DLTR opened at $72.56 on Wednesday. Dollar Tree has a twelve month low of $60.49 and a twelve month high of $151.21. The business’s fifty day moving average is $67.58 and its 200 day moving average is $87.46. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market cap of $15.60 billion, a price-to-earnings ratio of -15.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92.

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, topping the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, sell-side analysts expect that Dollar Tree will post 5.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in shares of Dollar Tree in the second quarter worth approximately $26,000. Mather Group LLC. boosted its holdings in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the period. Eastern Bank purchased a new stake in Dollar Tree in the 3rd quarter worth $34,000. First Horizon Advisors Inc. raised its holdings in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after acquiring an additional 554 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.