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

Shares of Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) have received a consensus recommendation of "Hold" from the twenty research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $83.37.

Several research analysts have commented on the company. Evercore ISI raised their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. Truist Financial raised their price objective on Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Bank of America cut their price objective 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. JPMorgan Chase & Co. cut their price objective 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, Guggenheim restated a "buy" rating and set a $100.00 target price (up from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th.

Dollar Tree Trading Up 0.2%

Shares of DLTR traded up $0.15 during trading hours on Friday, hitting $89.49. The stock had a trading volume of 344,272 shares, compared to its average volume of 4,075,379. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a market cap of $19.25 billion, a P/E ratio of -18.74, a P/E/G ratio of 2.16 and a beta of 0.87. The company's fifty day simple moving average is $79.63 and its 200 day simple moving average is $73.96. Dollar Tree has a 12-month low of $60.49 and a 12-month high of $121.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results 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 analysts' expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company's quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted $2.55 earnings per share. Equities research analysts forecast that Dollar Tree will post 5.39 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III bought 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.60% of the company's stock.

Institutional Investors Weigh In On Dollar Tree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLTR. MassMutual Private Wealth & Trust FSB raised its holdings in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Dollar Tree during the fourth quarter worth approximately $4,069,000. Fifth Third Bancorp raised its holdings in Dollar Tree by 69.8% during the fourth quarter. Fifth Third Bancorp now owns 9,418 shares of the company's stock worth $706,000 after purchasing an additional 3,873 shares in the last quarter. Blue Trust Inc. raised its holdings in Dollar Tree by 47.8% during the fourth quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock worth $100,000 after purchasing an additional 462 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Dollar Tree by 1.1% in the fourth quarter. KBC Group NV now owns 28,312 shares of the company's stock valued at $2,122,000 after buying an additional 313 shares in the last quarter. 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.