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

Dollar Tree (NASDAQ:DLTR)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $95.00 target price on the stock. Telsey Advisory Group’s price target indicates a potential downside of 1.78% from the stock’s current price.

A number of other equities research analysts also recently issued reports on DLTR. Loop Capital restated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Bank of America decreased their price target on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. Guggenheim reissued a “buy” rating and set a $100.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. Truist Financial upped their price objective on Dollar Tree from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Evercore ISI boosted their price target on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.42.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $96.72 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $81.35 and a 200-day moving average price of $74.83. Dollar Tree has a 52 week low of $60.49 and a 52 week high of $121.92. The firm has a market capitalization of $20.80 billion, a PE ratio of -20.28, a P/E/G ratio of 2.16 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the prior year, the firm earned $1.43 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts expect that Dollar Tree will post 5.39 earnings per share for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the acquisition, the director now owns 1,377 shares of the company’s stock, valued at approximately $103,275. This trade represents a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dollar Tree

Several hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in shares of Dollar Tree during the first quarter valued at $4,631,000. Intech Investment Management LLC boosted its position in Dollar Tree by 1.9% in the 1st quarter. Intech Investment Management LLC now owns 31,978 shares of the company’s stock valued at $2,401,000 after buying an additional 585 shares during the period. Focus Partners Wealth grew its stake in Dollar Tree by 2.0% in the 1st quarter. Focus Partners Wealth now owns 10,646 shares of the company’s stock worth $799,000 after acquiring an additional 213 shares in the last quarter. Bayforest Capital Ltd grew its stake in Dollar Tree by 309.2% in the 1st quarter. Bayforest Capital Ltd now owns 14,927 shares of the company’s stock worth $1,121,000 after acquiring an additional 11,279 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Dollar Tree by 5.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,239,916 shares of the company’s stock worth $93,080,000 after acquiring an additional 59,606 shares during the period. 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.