Truist Financial Lowers Dollar Tree (NASDAQ:DLTR) Price Target to $76.00

Dollar Tree (NASDAQ:DLTR) had its price target decreased by investment analysts at Truist Financial from $83.00 to $76.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 11.85% from the company’s current price.

A number of other research analysts have also issued reports on the company. Citigroup boosted 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. Loop Capital lifted their price target on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Evercore ISI cut their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Jefferies Financial Group boosted their price target 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. Finally, Piper Sandler restated a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.89.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded down $1.79 on Tuesday, reaching $67.95. 1,423,838 shares of the company’s stock were exchanged, compared to its average volume of 3,386,740. The business’s 50-day moving average is $71.12 and its two-hundred day moving average is $70.13. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree has a fifty-two week low of $60.49 and a fifty-two week high of $137.14. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of -14.26, a PEG ratio of 2.16 and a beta of 0.91.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors have recently bought and sold shares of DLTR. Assetmark Inc. lifted its position in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the period. Deseret Mutual Benefit Administrators raised its stake in shares of 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 buying an additional 157 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Dollar Tree by 5.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock worth $254,000 after acquiring an additional 180 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in Dollar Tree by 3.4% in the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock valued at $508,000 after acquiring an additional 220 shares during the period. 97.40% of the stock is currently 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.