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

Key Points

• Consensus "Hold" rating from 24 analysts (7 sell, 9 hold, 8 buy) with an average 1‑year price target of $123.24, compared with the stock's recent open around $100.67.
• Dollar Tree beat quarterly EPS estimates at $2.56 (vs. $2.53 expected) while revenue of $5.45 billion slightly missed consensus, with revenue up 9% year‑over‑year and analysts forecasting $5.39 EPS for the current year.
• Company metrics: market cap about $19.9 billion, P/E ~16.1, 12‑month range $70.71–$142.40, and roughly 97.4% of shares held by hedge funds and other institutional investors.

Dollar Tree, Inc. (NASDAQ:DLTR - Get Free Report) has earned a consensus rating of "Hold" from the twenty-four research firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $123.2381.

A number of equities research analysts recently issued reports on DLTR shares. Telsey Advisory Group restated an "outperform" rating and issued a $150.00 target price on shares of Dollar Tree in a report on Tuesday, March 17th. Truist Financial lowered their target price on shares of Dollar Tree from $156.00 to $142.00 and set a "buy" rating for the company in a report on Monday, March 16th. Citigroup lowered their target price on shares of Dollar Tree from $132.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, March 17th. Piper Sandler restated a "neutral" rating and issued a $116.00 target price (up from $114.00) on shares of Dollar Tree in a report on Tuesday, March 17th. Finally, Bank of America boosted their target price on shares of Dollar Tree from $85.00 to $89.00 and gave the company an "underperform" rating in a report on Monday, March 16th.

Dollar Tree Trading Down 1.4%

NASDAQ DLTR opened at $100.67 on Wednesday. Dollar Tree has a 12 month low of $70.71 and a 12 month high of $142.40. The company has a 50-day moving average of $115.80 and a 200-day moving average of $113.89. The company has a market cap of $19.86 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $0.03. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. Dollar Tree's revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that Dollar Tree will post 5.39 earnings per share for the current year.

Institutional Investors Weigh In On Dollar Tree

A number of institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in Dollar Tree by 0.4% during the fourth quarter. Cetera Investment Advisers now owns 21,420 shares of the company's stock valued at $2,635,000 after buying an additional 79 shares in the last quarter. Optimize Financial Inc lifted its position in Dollar Tree by 1.4% during the fourth quarter. Optimize Financial Inc now owns 6,000 shares of the company's stock valued at $738,000 after buying an additional 84 shares in the last quarter. Covestor Ltd lifted its position in Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company's stock valued at $27,000 after buying an additional 84 shares in the last quarter. Root Financial Partners LLC lifted its position in Dollar Tree by 27.6% during the fourth quarter. Root Financial Partners LLC now owns 393 shares of the company's stock valued at $48,000 after buying an additional 85 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in Dollar Tree by 7.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,208 shares of the company's stock valued at $149,000 after buying an additional 86 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.