Dollar Tree, Inc. (NASDAQ:DLTR) Receives $82.68 Average Price Target from Analysts

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) have been given an average recommendation of "Hold" by the twenty analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $84.05.

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the stock a "market perform" rating in a research report on Monday, May 5th. Guggenheim restated a "buy" rating and issued a $100.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Bank of America decreased their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th.

Insider Buying and Selling

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

Hedge Funds Weigh In On Dollar Tree

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after acquiring an additional 149 shares during the period. Bessemer Group Inc. boosted its holdings in Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after acquiring an additional 346 shares during the period. Brooklyn Investment Group boosted its holdings in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after acquiring an additional 158 shares during the period. Zions Bancorporation National Association UT purchased a new position in Dollar Tree during the 1st quarter valued at about $30,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after acquiring an additional 232 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 1.4%

Shares of DLTR stock traded up $1.24 on Friday, hitting $90.58. The stock had a trading volume of 2,902,368 shares, compared to its average volume of 4,092,682. 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 business has a 50 day moving average price of $80.04 and a 200 day moving average price of $74.16. The company has a market cap of $19.48 billion, a PE ratio of -18.99, a P/E/G ratio of 2.16 and a beta of 0.87. Dollar Tree has a one year low of $60.49 and a one year high of $121.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Research analysts anticipate that Dollar Tree will post 5.39 earnings per share for the current fiscal year.

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.