Dollar Tree, Inc. (NASDAQ:DLTR) Given Average Rating of "Hold" by Analysts

Key Points

• Dollar Tree, Inc. (NASDAQ:DLTR) currently holds an average analyst rating of "Hold," with 4 sell, 10 hold, and 9 buy ratings from a total of 23 analysts.
• The company's 12-month price target is set at $110.00, with some analysts predicting a price target boost up to $129.00.
• Dollar Tree's board has initiated a share buyback program allowing for the repurchase of $2.50 billion in shares, signaling confidence in the company's stock value.

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) has earned an average recommendation of "Hold" from the twenty-three ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $110.00.

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. New Street Research set a $103.00 price target on shares of Dollar Tree in a report on Thursday, October 16th. Truist Financial boosted their price target on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Jefferies Financial Group reaffirmed an "underperform" rating and set a $70.00 target price (down previously from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Dollar Tree in a report on Wednesday, October 8th.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $98.95 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. The firm has a market cap of $20.18 billion, a price-to-earnings ratio of -7.29, a price-to-earnings-growth ratio of 1.74 and a beta of 0.85. The company has a 50 day moving average price of $100.16 and a 200-day moving average price of $96.61. Dollar Tree has a 1-year low of $60.49 and a 1-year high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.39. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The business's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts forecast that Dollar Tree will post 5.39 EPS for the current year.

Dollar Tree announced that its board has initiated a share buyback program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Stephanie Stahl sold 1,185 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the sale, the director owned 4,089 shares of the company's stock, valued at $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of the company's stock in a transaction on Friday, October 17th. The stock was sold at an average price of $94.70, for a total transaction of $119,322.00. Following the sale, the insider directly owned 21,402 shares of the company's stock, valued at $2,026,769.40. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DLTR. Price T Rowe Associates Inc. MD boosted its position in shares of Dollar Tree by 69.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company's stock valued at $439,025,000 after acquiring an additional 2,400,586 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Dollar Tree by 176.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company's stock valued at $371,026,000 after acquiring an additional 2,393,172 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Dollar Tree by 1,055.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company's stock valued at $174,327,000 after acquiring an additional 2,121,149 shares during the last quarter. Norges Bank acquired a new position in shares of Dollar Tree during the 2nd quarter valued at about $185,784,000. Finally, EdgePoint Investment Group Inc. boosted its position in shares of Dollar Tree by 21.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company's stock valued at $723,788,000 after acquiring an additional 1,701,344 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.