Brokerages Set Dollar Tree, Inc. (NASDAQ:DLTR) Price Target at $122.76

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned a consensus rating of “Hold” from the twenty-four research firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $122.3333.

Several research firms recently issued reports on DLTR. Weiss Ratings upgraded shares of Dollar Tree from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Barclays reiterated an “overweight” rating on shares of Dollar Tree in a research report on Monday, March 16th. Piper Sandler reiterated a “neutral” rating and set a $116.00 price target (up from $114.00) on shares of Dollar Tree in a research report on Tuesday, March 17th. Guggenheim reiterated a “buy” rating and set a $130.00 price target on shares of Dollar Tree in a research report on Tuesday, March 17th. Finally, BMO Capital Markets reiterated an “underperform” rating on shares of Dollar Tree in a research report on Tuesday, March 17th.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $89.97 on Friday. Dollar Tree has a 52 week low of $84.71 and a 52 week high of $142.40. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.09 and a beta of 0.61. The firm’s 50-day simple moving average is $104.31 and its 200 day simple moving average is $114.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 earnings per share. As a group, sell-side analysts predict that Dollar Tree will post 6.75 earnings per share for the current year.

Institutional Trading of Dollar Tree

Large investors have recently made changes to their positions in the company. EdgePoint Investment Group Inc. boosted its stake in shares of Dollar Tree by 2.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,138,183 shares of the company’s stock valued at $1,051,110,000 after purchasing an additional 312,382 shares in the last quarter. State Street Corp boosted its stake in shares of Dollar Tree by 3.5% in the 3rd quarter. State Street Corp now owns 9,421,856 shares of the company’s stock valued at $889,141,000 after purchasing an additional 319,938 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Dollar Tree by 6.8% in the 3rd quarter. Primecap Management Co. CA now owns 4,194,049 shares of the company’s stock valued at $395,792,000 after purchasing an additional 268,539 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Dollar Tree by 4.8% in the 3rd quarter. Alliancebernstein L.P. now owns 3,926,586 shares of the company’s stock valued at $370,552,000 after purchasing an additional 180,364 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Dollar Tree by 1.5% in the 4th quarter. Invesco Ltd. now owns 2,719,303 shares of the company’s stock valued at $334,501,000 after purchasing an additional 39,506 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.